Fidelity Low Duration Bond ETF (FLDB) to Distribute Monthly Dividend of $0.17 on July 1st

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Monday, June 29th, NASDAQ Dividends reports. Stockholders of record on Monday, June 29th will be given a dividend of 0.17 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, June 29th. This is a 5.6% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Fidelity Low Duration Bond ETF Stock Performance

NASDAQ FLDB opened at $50.21 on Wednesday. The company has a 50-day simple moving average of $50.36 and a 200 day simple moving average of $50.41. Fidelity Low Duration Bond ETF has a 52-week low of $50.15 and a 52-week high of $50.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Harmony Asset Management LLC bought a new stake in Fidelity Low Duration Bond ETF during the 1st quarter valued at $6,980,000. JPMorgan Chase & Co. boosted its position in shares of Fidelity Low Duration Bond ETF by 2,138.2% in the second quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock valued at $982,000 after acquiring an additional 18,602 shares during the period. &PARTNERS bought a new position in shares of Fidelity Low Duration Bond ETF in the fourth quarter valued at approximately $767,000. Cetera Investment Advisers grew its stake in Fidelity Low Duration Bond ETF by 220.0% during the fourth quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock valued at $889,000 after acquiring an additional 12,136 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Fidelity Low Duration Bond ETF by 110.0% during the 2nd quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock worth $1,019,000 after acquiring an additional 10,579 shares during the period.

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.