Vestmark Advisory Solutions Inc. Cuts Stock Holdings in Fidelity Limited Term Bond ETF $FLTB

Vestmark Advisory Solutions Inc. lowered its stake in shares of Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 50.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 57,587 shares of the company’s stock after selling 58,817 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Fidelity Limited Term Bond ETF were worth $2,917,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Salus Financial Advisors LLC grew its stake in shares of Fidelity Limited Term Bond ETF by 5.1% in the 3rd quarter. Salus Financial Advisors LLC now owns 63,101 shares of the company’s stock worth $3,197,000 after acquiring an additional 3,043 shares in the last quarter. MMA Asset Management LLC bought a new position in shares of Fidelity Limited Term Bond ETF during the third quarter valued at about $53,000. Savant Capital LLC boosted its holdings in Fidelity Limited Term Bond ETF by 15.7% during the third quarter. Savant Capital LLC now owns 18,908 shares of the company’s stock worth $958,000 after purchasing an additional 2,565 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Limited Term Bond ETF by 21.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 278,124 shares of the company’s stock worth $14,090,000 after purchasing an additional 48,290 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Fidelity Limited Term Bond ETF by 75.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 9,232 shares of the company’s stock valued at $469,000 after buying an additional 3,960 shares during the last quarter. 2.01% of the stock is currently owned by institutional investors.

Fidelity Limited Term Bond ETF Stock Down 0.1%

Fidelity Limited Term Bond ETF stock opened at $50.97 on Wednesday. Fidelity Limited Term Bond ETF has a 52 week low of $49.41 and a 52 week high of $51.15. The company’s 50 day moving average price is $50.80 and its two-hundred day moving average price is $50.76. The stock has a market cap of $361.89 million, a P/E ratio of 32.26 and a beta of 0.10.

Fidelity Limited Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a yield of 4.1%. Fidelity Limited Term Bond ETF’s payout ratio is currently 137.97%.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.