Fidelity Low Duration Bond ETF (FLDB) to Issue Monthly Dividend of $0.16 on March 2nd

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Thursday, February 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, February 26th will be given a dividend of 0.158 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, February 26th. This is a 8.2% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.15.

Fidelity Low Duration Bond ETF Price Performance

FLDB stock opened at $50.42 on Friday. The business has a 50 day simple moving average of $50.48 and a 200-day simple moving average of $50.55. Fidelity Low Duration Bond ETF has a twelve month low of $50.19 and a twelve month high of $50.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Low Duration Bond ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock valued at $1,073,000 after buying an additional 1,759 shares during the last quarter. Nwam LLC increased its position in Fidelity Low Duration Bond ETF by 31.2% in the 3rd quarter. Nwam LLC now owns 15,215 shares of the company’s stock valued at $771,000 after acquiring an additional 3,618 shares during the period. Cetera Investment Advisers purchased a new stake in Fidelity Low Duration Bond ETF during the 2nd quarter valued at approximately $234,000. Envestnet Asset Management Inc. purchased a new stake in Fidelity Low Duration Bond ETF during the 2nd quarter valued at approximately $288,000. Finally, LPL Financial LLC acquired a new stake in Fidelity Low Duration Bond ETF during the 4th quarter worth approximately $412,000.

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.