Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Stock Price Up 0.1% – What’s Next?

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) traded up 0.1% during trading on Thursday . The company traded as high as $50.57 and last traded at $50.56. 9,902 shares changed hands during trading, a decline of 9% from the average session volume of 10,873 shares. The stock had previously closed at $50.52.

Fidelity Low Duration Bond ETF Stock Performance

The business has a 50 day moving average of $50.48 and a 200-day moving average of $50.56.

Fidelity Low Duration Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were given a $0.146 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, January 29th.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

Large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in shares of Fidelity Low Duration Bond ETF in the second quarter valued at about $234,000. Envestnet Asset Management Inc. bought a new position in shares of Fidelity Low Duration Bond ETF in the second quarter valued at $288,000. LPL Financial LLC acquired a new position in Fidelity Low Duration Bond ETF during the fourth quarter worth $412,000. Nwam LLC bought a new stake in Fidelity Low Duration Bond ETF during the second quarter worth $585,000. Finally, &PARTNERS bought a new position in shares of Fidelity Low Duration Bond ETF in the 4th quarter valued at about $767,000.

Fidelity Low Duration Bond ETF Company Profile

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.