Kraft Davis & Associates LLC Increases Stock Position in Fidelity Low Duration Bond Factor ETF $FLDR

Kraft Davis & Associates LLC lifted its position in shares of Fidelity Low Duration Bond Factor ETF (BATS:FLDR) by 25.5% during the fourth quarter, Holdings Channel reports. The firm owned 173,373 shares of the company’s stock after acquiring an additional 35,258 shares during the period. Fidelity Low Duration Bond Factor ETF makes up 2.0% of Kraft Davis & Associates LLC’s holdings, making the stock its 18th largest holding. Kraft Davis & Associates LLC’s holdings in Fidelity Low Duration Bond Factor ETF were worth $8,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. grew its position in Fidelity Low Duration Bond Factor ETF by 6.8% in the 3rd quarter. Raymond James Financial Inc. now owns 617,681 shares of the company’s stock worth $31,008,000 after purchasing an additional 39,542 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Fidelity Low Duration Bond Factor ETF by 7.8% during the 3rd quarter. AE Wealth Management LLC now owns 340,054 shares of the company’s stock worth $17,071,000 after buying an additional 24,634 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Fidelity Low Duration Bond Factor ETF by 19.4% during the 3rd quarter. Bank of America Corp DE now owns 303,996 shares of the company’s stock worth $15,261,000 after buying an additional 49,397 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Low Duration Bond Factor ETF by 205.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 235,557 shares of the company’s stock worth $11,825,000 after buying an additional 158,558 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Fidelity Low Duration Bond Factor ETF by 400.1% in the 2nd quarter. Jane Street Group LLC now owns 194,017 shares of the company’s stock worth $9,714,000 after buying an additional 155,224 shares during the last quarter.

Fidelity Low Duration Bond Factor ETF Price Performance

FLDR stock opened at $50.14 on Monday. The business has a 50 day moving average of $50.27 and a 200-day moving average of $50.30. Fidelity Low Duration Bond Factor ETF has a 12-month low of $49.02 and a 12-month high of $50.62.

Fidelity Low Duration Bond Factor ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a $0.168 dividend. This is an increase from Fidelity Low Duration Bond Factor ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, February 26th.

Fidelity Low Duration Bond Factor ETF Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.