Nwam LLC Makes New Investment in Fidelity Low Duration Bond ETF $FLDB

Nwam LLC acquired a new stake in Fidelity Low Duration Bond ETF (NASDAQ:FLDB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,597 shares of the company’s stock, valued at approximately $585,000. Nwam LLC owned about 0.15% of Fidelity Low Duration Bond ETF at the end of the most recent quarter.

Separately, Envestnet Asset Management Inc. bought a new stake in Fidelity Low Duration Bond ETF during the second quarter worth $288,000.

Fidelity Low Duration Bond ETF Price Performance

Shares of FLDB opened at $50.58 on Thursday. The firm has a 50-day moving average of $50.62 and a 200-day moving average of $50.55. Fidelity Low Duration Bond ETF has a one year low of $50.19 and a one year high of $50.90.

Fidelity Low Duration Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 30th were issued a dividend of $0.179 per share. The ex-dividend date was Thursday, October 30th.

About Fidelity Low Duration Bond ETF

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less.