Fidelity Low Duration Bond ETF (NASDAQ:FLDB) to Issue Monthly Dividend of $0.25

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) announced a monthly dividend on Tuesday, December 30th, NASDAQ Dividends reports. Investors of record on Tuesday, December 30th will be given a dividend of 0.249 per share on Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Tuesday, December 30th. This is a 144.1% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.10.

Fidelity Low Duration Bond ETF Stock Performance

Fidelity Low Duration Bond ETF stock traded up $0.02 during mid-day trading on Wednesday, hitting $50.39. 1,347 shares of the company were exchanged, compared to its average volume of 3,570. Fidelity Low Duration Bond ETF has a 12-month low of $50.19 and a 12-month high of $50.93. The business’s 50 day simple moving average is $50.57 and its two-hundred day simple moving average is $50.57.

Institutional Investors Weigh In On Fidelity Low Duration Bond ETF

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in shares of Fidelity Low Duration Bond ETF in the second quarter valued at approximately $288,000. Nwam LLC purchased a new stake in Fidelity Low Duration Bond ETF in the 2nd quarter worth approximately $585,000. JPMorgan Chase & Co. raised its holdings in 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 last quarter. Jane Street Group LLC raised its holdings in Fidelity Low Duration Bond ETF by 110.0% in the 2nd quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock valued at $1,019,000 after acquiring an additional 10,579 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Fidelity Low Duration Bond ETF during the 2nd quarter worth $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.