Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Shares Down 0% – What’s Next?

Fidelity Low Duration Bond ETF (NASDAQ:FLDB)’s stock price was down 0% during trading on Thursday . The stock traded as low as $50.43 and last traded at $50.47. Approximately 11,891 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 6,699 shares. The stock had previously closed at $50.49.

Fidelity Low Duration Bond ETF Stock Performance

The stock’s 50 day moving average price is $50.52 and its 200-day moving average price is $50.56.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 2nd. Stockholders of record on Tuesday, December 30th were given a dividend of $0.249 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of Fidelity Low Duration Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLDB. Envestnet Asset Management Inc. acquired a new position in Fidelity Low Duration Bond ETF in the 2nd quarter valued at $288,000. Nwam LLC purchased a new stake in shares of Fidelity Low Duration Bond ETF in the second quarter valued at about $585,000. JPMorgan Chase & Co. increased its stake in shares of Fidelity Low Duration Bond ETF by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock worth $1,073,000 after acquiring an additional 1,759 shares during the period. Jane Street Group LLC increased its stake in shares of Fidelity Low Duration Bond ETF by 110.0% during the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock worth $1,019,000 after acquiring an additional 10,579 shares during the period. Finally, Cetera Investment Advisers purchased a new position in Fidelity Low Duration Bond ETF during the second quarter worth about $234,000.

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. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.