Kastel Capital Advisors LLC Makes New Investment in Fidelity Low Duration Bond Factor ETF $FLDR

Kastel Capital Advisors LLC bought a new position in Fidelity Low Duration Bond Factor ETF (BATS:FLDR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,048 shares of the company’s stock, valued at approximately $1,704,000. Fidelity Low Duration Bond Factor ETF comprises about 1.0% of Kastel Capital Advisors LLC’s investment portfolio, making the stock its 24th largest position. Kastel Capital Advisors LLC owned 0.18% of Fidelity Low Duration Bond Factor ETF as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Schwallier Wealth Management LLC acquired a new position in Fidelity Low Duration Bond Factor ETF in the fourth quarter worth about $2,404,000. Foundations Investment Advisors LLC lifted its holdings in Fidelity Low Duration Bond Factor ETF by 13.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 165,588 shares of the company’s stock worth $8,318,000 after buying an additional 19,764 shares during the last quarter. WealthTrust Axiom LLC lifted its holdings in Fidelity Low Duration Bond Factor ETF by 26.7% during the 4th quarter. WealthTrust Axiom LLC now owns 158,401 shares of the company’s stock worth $7,957,000 after buying an additional 33,401 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Fidelity Low Duration Bond Factor ETF by 51.6% in the 1st quarter. Cetera Investment Advisers now owns 99,922 shares of the company’s stock worth $5,001,000 after acquiring an additional 33,990 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Fidelity Low Duration Bond Factor ETF by 19.1% in the 4th quarter. HighTower Advisors LLC now owns 83,262 shares of the company’s stock worth $4,182,000 after acquiring an additional 13,344 shares in the last quarter.

Fidelity Low Duration Bond Factor ETF Price Performance

FLDR stock opened at $50.07 on Monday. Fidelity Low Duration Bond Factor ETF has a 12-month low of $49.02 and a 12-month high of $50.62. The stock’s 50 day simple moving average is $50.14 and its 200 day simple moving average is $50.18.

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.