Sowell Financial Services LLC Takes Position in Fidelity Low Duration Bond Factor ETF $FLDR

Sowell Financial Services LLC bought a new stake in Fidelity Low Duration Bond Factor ETF (BATS:FLDR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,865 shares of the company’s stock, valued at approximately $2,907,000.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. lifted its holdings in shares of Fidelity Low Duration Bond Factor ETF by 6.8% in the third quarter. Raymond James Financial Inc. now owns 617,681 shares of the company’s stock valued at $31,008,000 after purchasing an additional 39,542 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Fidelity Low Duration Bond Factor ETF by 7.8% in the third quarter. AE Wealth Management LLC now owns 340,054 shares of the company’s stock valued at $17,071,000 after purchasing an additional 24,634 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Fidelity Low Duration Bond Factor ETF by 19.4% in the third quarter. Bank of America Corp DE now owns 303,996 shares of the company’s stock valued at $15,261,000 after purchasing an additional 49,397 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Low Duration Bond Factor ETF by 205.9% in the third quarter. Envestnet Asset Management Inc. now owns 235,557 shares of the company’s stock valued at $11,825,000 after purchasing an additional 158,558 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Fidelity Low Duration Bond Factor ETF by 400.1% in the second quarter. Jane Street Group LLC now owns 194,017 shares of the company’s stock valued at $9,714,000 after purchasing an additional 155,224 shares in the last quarter.

Fidelity Low Duration Bond Factor ETF Stock Performance

FLDR opened at $50.03 on Tuesday. The stock has a fifty day moving average of $50.24 and a 200-day moving average of $50.28. Fidelity Low Duration Bond Factor ETF has a 12-month low of $49.02 and a 12-month high of $50.62.

Fidelity Low Duration Bond Factor ETF Increases Dividend

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

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.