Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Plans Dividend Increase – $0.17 Per Share

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) announced a monthly dividend on Monday, March 30th, NASDAQ Dividends reports. Shareholders of record on Monday, March 30th will be paid a dividend of 0.169 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, March 30th. This is a 7.0% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Fidelity Low Duration Bond ETF Price Performance

Shares of NASDAQ:FLDB opened at $50.29 on Tuesday. Fidelity Low Duration Bond ETF has a 1-year low of $50.19 and a 1-year high of $50.93. The business’s 50 day moving average is $50.44 and its 200-day moving average is $50.53.

Institutional Investors Weigh In On Fidelity Low Duration Bond ETF

A number of institutional investors have recently bought and sold shares of FLDB. JPMorgan Chase & Co. increased its holdings in Fidelity Low Duration Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock valued at $1,073,000 after buying an additional 1,759 shares during the period. Jane Street Group LLC lifted its holdings 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 worth $1,019,000 after acquiring an additional 10,579 shares during the period. 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 in the last quarter. &PARTNERS acquired a new stake in shares of Fidelity Low Duration Bond ETF during the 4th quarter valued at about $767,000. Finally, Nwam LLC increased its stake in Fidelity Low Duration Bond ETF by 31.2% in the third quarter. Nwam LLC now owns 15,215 shares of the company’s stock valued at $771,000 after acquiring an additional 3,618 shares during the period.

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.