Fidelity Low Duration Bond Factor ETF Declares Monthly Dividend of $0.17 (BATS:FLDR)

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) declared a monthly dividend on Wednesday, January 28th. Stockholders of record on Thursday, January 29th will be paid a dividend of 0.166 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, January 29th.

Fidelity Low Duration Bond Factor ETF Stock Down 0.2%

FLDR stock traded down $0.13 on Thursday, hitting $50.18. The company’s stock had a trading volume of 156,678 shares, compared to its average volume of 134,534. The firm has a 50 day moving average of $50.30 and a two-hundred day moving average of $50.28. Fidelity Low Duration Bond Factor ETF has a 1 year low of $49.73 and a 1 year high of $52.00.

Institutional Investors Weigh In On Fidelity Low Duration Bond Factor ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its holdings in Fidelity Low Duration Bond Factor ETF by 6.8% during the third quarter. Raymond James Financial Inc. now owns 617,681 shares of the company’s stock worth $31,008,000 after acquiring an additional 39,542 shares during the period. AE Wealth Management LLC lifted its stake in shares of Fidelity Low Duration Bond Factor ETF by 17.5% in the fourth quarter. AE Wealth Management LLC now owns 399,536 shares of the company’s stock valued at $20,069,000 after purchasing an additional 59,482 shares during the period. Bank of America Corp DE boosted its holdings in Fidelity Low Duration Bond Factor ETF by 19.4% during the third quarter. Bank of America Corp DE now owns 303,996 shares of the company’s stock worth $15,261,000 after buying an additional 49,397 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Low Duration Bond Factor ETF by 205.9% during the third quarter. Envestnet Asset Management Inc. now owns 235,557 shares of the company’s stock worth $11,825,000 after buying an additional 158,558 shares during the period. Finally, Jane Street Group LLC increased its holdings in Fidelity Low Duration Bond Factor ETF by 400.1% in the second quarter. Jane Street Group LLC now owns 194,017 shares of the company’s stock valued at $9,714,000 after buying an additional 155,224 shares in the last quarter.

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.