Fidelity Low Duration Bond ETF (NASDAQ:FLDB – Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $50.26 and traded as high as $50.35. Fidelity Low Duration Bond ETF shares last traded at $50.35, with a volume of 17,876 shares changing hands.
Fidelity Low Duration Bond ETF Trading Up 0.2%
The firm’s fifty day simple moving average is $50.26 and its 200-day simple moving average is $50.35.
Fidelity Low Duration Bond ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th were issued a $0.1670 dividend. The ex-dividend date was Thursday, October 29th. This is an increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1580. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%.
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 company. Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity Low Duration Bond ETF during the second quarter worth approximately $51,000. Midwest Financial Network LLC bought a new position in shares of Fidelity Low Duration Bond ETF during the first quarter valued at about $222,000. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Low Duration Bond ETF by 14.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock worth $1,653,000 after buying an additional 4,108 shares during the last quarter. Finally, Harmony Asset Management LLC bought a new position in Fidelity Low Duration Bond ETF in the 1st quarter valued at $6,980,000.
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.
Recommended Stories
- Five stocks we like better than Fidelity Low Duration Bond ETF
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Fidelity Low Duration Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Low Duration Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
