Fidelity Low Duration Bond ETF (NASDAQ:FLDB – Get Free Report) declared a monthly dividend on Wednesday, April 29th, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 29th will be given a dividend of 0.171 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 29th. This is a 1.2% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.17.
Fidelity Low Duration Bond ETF Price Performance
Shares of FLDB remained flat at $50.45 during mid-day trading on Wednesday. 231 shares of the stock traded hands, compared to its average volume of 7,935. The business has a 50-day moving average price of $50.41 and a 200-day moving average price of $50.49. Fidelity Low Duration Bond ETF has a 1 year low of $50.23 and a 1 year high of $50.93.
Institutional Trading of Fidelity Low Duration Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers purchased a new stake in Fidelity Low Duration Bond ETF during the second quarter valued at approximately $234,000. RCS Financial Planning LLC purchased a new stake in Fidelity Low Duration Bond ETF during the first quarter valued at approximately $341,000. LPL Financial LLC purchased a new stake in Fidelity Low Duration Bond ETF during the fourth quarter valued at approximately $412,000. Envestnet Asset Management Inc. raised its holdings in Fidelity Low Duration Bond ETF by 135.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock worth $680,000 after purchasing an additional 7,741 shares during the period. Finally, &PARTNERS bought a new position in Fidelity Low Duration Bond ETF in the 4th quarter worth $767,000.
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.
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