Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Trading 0.1% Higher – What’s Next?

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) shares traded up 0.1% during mid-day trading on Wednesday . The stock traded as high as $50.43 and last traded at $50.42. 3,681 shares were traded during trading, a decline of 54% from the average session volume of 7,989 shares. The stock had previously closed at $50.35.

Fidelity Low Duration Bond ETF Trading Down 0.0%

The firm’s 50 day simple moving average is $50.38 and its 200-day simple moving average is $50.46.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 29th were paid a dividend of $0.171 per share. This is a boost from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Investors Weigh In On Fidelity Low Duration Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLDB. Harmony Asset Management LLC acquired a new stake in Fidelity Low Duration Bond ETF during the 1st quarter worth $6,980,000. JPMorgan Chase & Co. boosted its position in shares of Fidelity Low Duration Bond ETF by 2,138.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock valued at $982,000 after acquiring an additional 18,602 shares during the last quarter. &PARTNERS acquired a new position in shares of Fidelity Low Duration Bond ETF during the 4th quarter valued at about $767,000. Cetera Investment Advisers boosted its position in shares of Fidelity Low Duration Bond ETF by 220.0% during the 4th quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock valued at $889,000 after acquiring an additional 12,136 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Fidelity Low Duration Bond ETF by 110.0% during 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.

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.