Royal Bank of Canada Purchases 17,596 Shares of Fidelity Low Duration Bond Factor ETF $FLDR

Royal Bank of Canada raised its position in shares of Fidelity Low Duration Bond Factor ETF (BATS:FLDR) by 15.1% during the first quarter, HoldingsChannel reports. The firm owned 134,333 shares of the company’s stock after purchasing an additional 17,596 shares during the period. Royal Bank of Canada’s holdings in Fidelity Low Duration Bond Factor ETF were worth $6,723,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FLDR. Schwallier Wealth Management LLC purchased a new position in shares of Fidelity Low Duration Bond Factor ETF in the 4th quarter worth about $2,404,000. WealthTrust Axiom LLC raised its holdings in shares of Fidelity Low Duration Bond Factor ETF by 26.7% during the 4th quarter. WealthTrust Axiom LLC now owns 158,401 shares of the company’s stock valued at $7,957,000 after buying an additional 33,401 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Fidelity Low Duration Bond Factor ETF by 13.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 165,588 shares of the company’s stock valued at $8,318,000 after buying an additional 19,764 shares in the last quarter. Cetera Investment Advisers lifted its position in Fidelity Low Duration Bond Factor ETF by 51.6% in the 1st quarter. Cetera Investment Advisers now owns 99,922 shares of the company’s stock worth $5,001,000 after buying an additional 33,990 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Fidelity Low Duration Bond Factor ETF by 19.1% in the 4th quarter. HighTower Advisors LLC now owns 83,262 shares of the company’s stock worth $4,182,000 after buying an additional 13,344 shares during the last quarter.

Fidelity Low Duration Bond Factor ETF Stock Up 0.1%

Shares of FLDR opened at $50.05 on Wednesday. The stock has a 50 day simple moving average of $50.13 and a two-hundred day simple moving average of $50.18. Fidelity Low Duration Bond Factor ETF has a 1 year low of $49.02 and a 1 year high of $50.62.

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.