Fidelity Low Duration Bond ETF (NASDAQ:FLDB – Get Free Report) declared a monthly dividend on Friday, August 28th, NASDAQ Dividends reports. Investors of record on Friday, August 28th will be paid a dividend of 0.167 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, August 28th.
Fidelity Low Duration Bond ETF Price Performance
Shares of Fidelity Low Duration Bond ETF stock opened at $50.28 on Friday. Fidelity Low Duration Bond ETF has a 52-week low of $50.15 and a 52-week high of $50.93. The company’s fifty day moving average price is $50.33 and its two-hundred day moving average price is $50.37.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in FLDB. Midwest Financial Network LLC acquired a new stake in Fidelity Low Duration Bond ETF during the first quarter valued at approximately $222,000. Cetera Investment Advisers bought a new position in shares of Fidelity Low Duration Bond ETF during the 2nd quarter worth approximately $234,000. RCS Financial Planning LLC bought a new position in shares of Fidelity Low Duration Bond ETF during the 1st quarter worth approximately $341,000. LPL Financial LLC acquired a new stake in Fidelity Low Duration Bond ETF in the 4th quarter valued at $412,000. Finally, Envestnet Asset Management Inc. boosted its stake in Fidelity Low Duration Bond ETF by 135.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after buying an additional 7,741 shares in the last quarter.
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.
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