Fidelity Low Duration Bond ETF (FLDB) to Issue Monthly Dividend of $0.15 on February 2nd

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Thursday, January 29th, NASDAQ Dividends reports. Stockholders of record on Thursday, January 29th will be paid a dividend of 0.146 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, January 29th.

Fidelity Low Duration Bond ETF Trading Up 0.0%

FLDB opened at $50.41 on Friday. The business’s 50-day simple moving average is $50.50 and its 200 day simple moving average is $50.56. Fidelity Low Duration Bond ETF has a 52-week low of $50.19 and a 52-week high of $50.93.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Fidelity Low Duration Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock valued at $1,073,000 after acquiring an additional 1,759 shares during the period. Envestnet Asset Management Inc. increased its position in Fidelity Low Duration Bond ETF by 135.7% during the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock worth $680,000 after buying an additional 7,741 shares during the last quarter. Nwam LLC raised its stake in Fidelity Low Duration Bond ETF by 31.2% in the third quarter. Nwam LLC now owns 15,215 shares of the company’s stock valued at $771,000 after buying an additional 3,618 shares during the period. Jane Street Group LLC lifted its position in shares of Fidelity Low Duration Bond ETF by 110.0% in the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock valued at $1,019,000 after buying an additional 10,579 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Fidelity Low Duration Bond ETF in the second quarter valued at approximately $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.