Focus Partners Advisor Solutions LLC Acquires 20,844 Shares of Fidelity Limited Term Bond ETF $FLTB

Focus Partners Advisor Solutions LLC lifted its stake in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 88.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,290 shares of the company’s stock after purchasing an additional 20,844 shares during the period. Focus Partners Advisor Solutions LLC owned 0.81% of Fidelity Limited Term Bond ETF worth $2,244,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Global Retirement Partners LLC lifted its stake in Fidelity Limited Term Bond ETF by 3,519.4% in the third quarter. Global Retirement Partners LLC now owns 84,513 shares of the company’s stock valued at $4,281,000 after buying an additional 82,178 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Fidelity Limited Term Bond ETF by 21.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 278,124 shares of the company’s stock valued at $14,090,000 after acquiring an additional 48,290 shares during the period. Vestmark Advisory Solutions Inc. raised its position in shares of Fidelity Limited Term Bond ETF by 60.8% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 116,404 shares of the company’s stock valued at $5,867,000 after acquiring an additional 43,997 shares during the period. Elevation Capital Advisory LLC bought a new position in Fidelity Limited Term Bond ETF during the 3rd quarter worth approximately $1,659,000. Finally, Flow Traders U.S. LLC acquired a new position in Fidelity Limited Term Bond ETF during the second quarter valued at approximately $1,492,000. 2.01% of the stock is owned by institutional investors and hedge funds.

Fidelity Limited Term Bond ETF Stock Performance

Shares of NYSEARCA:FLTB opened at $50.75 on Thursday. The company has a 50 day moving average price of $50.79 and a two-hundred day moving average price of $50.76. The company has a market capitalization of $360.33 million, a PE ratio of 32.12 and a beta of 0.10. Fidelity Limited Term Bond ETF has a 52 week low of $49.41 and a 52 week high of $51.15.

Fidelity Limited Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, February 26th. Fidelity Limited Term Bond ETF’s dividend payout ratio (DPR) is presently 138.61%.

About Fidelity Limited Term Bond ETF

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.