RCS Financial Planning LLC Raises Position in Fidelity Low Duration Bond Factor ETF $FLDR

RCS Financial Planning LLC lifted its stake in Fidelity Low Duration Bond Factor ETF (BATS:FLDR) by 12.1% in the third quarter, Holdings Channel.com reports. The fund owned 112,076 shares of the company’s stock after purchasing an additional 12,102 shares during the period. Fidelity Low Duration Bond Factor ETF makes up approximately 2.5% of RCS Financial Planning LLC’s portfolio, making the stock its 10th biggest position. RCS Financial Planning LLC’s holdings in Fidelity Low Duration Bond Factor ETF were worth $5,648,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. TradeWell Securities LLC. raised its stake in shares of 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 purchasing an additional 204 shares during the period. Sugar Maple Asset Management LLC grew its holdings in Fidelity Low Duration Bond Factor ETF by 2.8% during the 2nd quarter. Sugar Maple Asset Management LLC now owns 8,661 shares of the company’s stock valued at $434,000 after buying an additional 232 shares in the last quarter. GWN Securities Inc. grew its holdings in Fidelity Low Duration Bond Factor ETF by 6.4% during the 2nd quarter. GWN Securities Inc. now owns 7,753 shares of the company’s stock valued at $388,000 after buying an additional 468 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fidelity Low Duration Bond Factor ETF during the second quarter valued at about $25,000. Finally, Riverstone Advisors LLC increased its position in shares of Fidelity Low Duration Bond Factor ETF by 17.5% during the second quarter. Riverstone Advisors LLC now owns 4,700 shares of the company’s stock valued at $235,000 after buying an additional 700 shares during the period.

Fidelity Low Duration Bond Factor ETF Stock Performance

FLDR stock opened at $50.23 on Wednesday. The firm has a 50 day moving average of $50.28 and a 200-day moving average of $50.28. Fidelity Low Duration Bond Factor ETF has a 12 month low of $49.73 and a 12 month high of $52.00.

Fidelity Low Duration Bond Factor ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were issued a $0.166 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, January 29th.

About Fidelity Low Duration Bond Factor ETF

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.