Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Stock Price Down 0% – Here’s What Happened

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) shares were down 0% during trading on Wednesday . The company traded as low as $50.23 and last traded at $50.24. Approximately 161,835 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 314,293 shares. The stock had previously closed at $50.26.

Fidelity Low Duration Bond Factor ETF Stock Performance

The firm has a 50 day moving average of $50.28 and a two-hundred day moving average of $50.30.

Fidelity Low Duration Bond Factor ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.168 per share. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 4.0%. This is a boost from Fidelity Low Duration Bond Factor ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. TradeWell Securities LLC. raised its stake in Fidelity Low Duration Bond Factor ETF by 0.9% during the 2nd quarter. TradeWell Securities LLC. now owns 21,828 shares of the company’s stock valued at $1,093,000 after acquiring an additional 204 shares during the last quarter. Anson Capital Inc. grew its stake in shares of Fidelity Low Duration Bond Factor ETF by 1.9% in the 4th quarter. Anson Capital Inc. now owns 11,228 shares of the company’s stock valued at $564,000 after purchasing an additional 207 shares during the last quarter. Sugar Maple Asset Management LLC increased its holdings in shares of Fidelity Low Duration Bond Factor ETF by 2.8% in the second quarter. Sugar Maple Asset Management LLC now owns 8,661 shares of the company’s stock valued at $434,000 after purchasing an additional 232 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Low Duration Bond Factor ETF by 61.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 808 shares of the company’s stock valued at $41,000 after purchasing an additional 306 shares during the period. Finally, Virtus Wealth Solutions LLC raised its stake in shares of Fidelity Low Duration Bond Factor ETF by 2.8% during the fourth quarter. Virtus Wealth Solutions LLC now owns 13,173 shares of the company’s stock worth $662,000 after purchasing an additional 359 shares during the last quarter.

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.