Koshinski Asset Management Inc. Takes Position in Fidelity Low Duration Bond Factor ETF $FLDR

Koshinski Asset Management Inc. acquired a new position in shares of Fidelity Low Duration Bond Factor ETF (BATS:FLDR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 41,560 shares of the company’s stock, valued at approximately $2,086,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Fidelity Low Duration Bond Factor ETF in the second quarter worth about $25,000. McIlrath & Eck LLC purchased a new position in shares of Fidelity Low Duration Bond Factor ETF in the 3rd quarter valued at approximately $41,000. Geneos Wealth Management Inc. purchased a new position in shares of Fidelity Low Duration Bond Factor ETF in the 3rd quarter valued at approximately $135,000. Accelerate Investment Advisors LLC acquired a new stake in Fidelity Low Duration Bond Factor ETF in the 3rd quarter worth approximately $210,000. Finally, Southland Equity Partners LLC purchased a new stake in Fidelity Low Duration Bond Factor ETF during the 3rd quarter worth approximately $225,000.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of Fidelity Low Duration Bond Factor ETF stock opened at $50.38 on Monday. The firm’s 50 day simple moving average is $50.29 and its two-hundred day simple moving average is $50.29. 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 Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were given a $0.166 dividend. This represents a c) annualized dividend and a dividend 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.