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

Kraft Davis & Associates LLC grew its position in Fidelity Low Duration Bond Factor ETF (BATS:FLDR) by 148.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 138,115 shares of the company’s stock after buying an additional 82,567 shares during the period. Fidelity Low Duration Bond Factor ETF makes up about 1.7% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its 21st largest holding. Kraft Davis & Associates LLC owned about 0.74% of Fidelity Low Duration Bond Factor ETF worth $6,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Fidelity Low Duration Bond Factor ETF by 170.5% during the first quarter. Royal Bank of Canada now owns 88,616 shares of the company’s stock valued at $4,441,000 after acquiring an additional 55,851 shares in the last quarter. Jane Street Group LLC raised its position in Fidelity Low Duration Bond Factor ETF by 14.9% in the 1st quarter. Jane Street Group LLC now owns 38,793 shares of the company’s stock worth $1,944,000 after buying an additional 5,044 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Fidelity Low Duration Bond Factor ETF during the 2nd quarter valued at about $551,000. Stratos Wealth Partners LTD. grew its stake in shares of Fidelity Low Duration Bond Factor ETF by 46.6% in the second quarter. Stratos Wealth Partners LTD. now owns 6,690 shares of the company’s stock worth $335,000 after acquiring an additional 2,128 shares during the period. Finally, Huntleigh Advisors Inc. purchased a new position in shares of Fidelity Low Duration Bond Factor ETF during the second quarter valued at approximately $8,314,000.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of Fidelity Low Duration Bond Factor ETF stock opened at $50.26 on Friday. Fidelity Low Duration Bond Factor ETF has a twelve month low of $49.73 and a twelve month high of $52.00. The company’s 50 day moving average is $50.28 and its 200 day moving average is $50.28.

Fidelity Low Duration Bond Factor ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were issued a $0.166 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Fidelity Low Duration Bond Factor ETF Company 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.