Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Announces Monthly Dividend of $0.17

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) announced a monthly dividend on Monday, June 29th, NASDAQ Dividends reports. Investors 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 yield of 4.1%. The ex-dividend date 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 Down 0.3%

Shares of FLDB traded down $0.13 during mid-day trading on Monday, hitting $50.29. 2,009 shares of the company traded hands, compared to its average volume of 7,498. The stock has a 50-day moving average price of $50.36 and a two-hundred day moving average price of $50.42. Fidelity Low Duration Bond ETF has a 1 year low of $50.15 and a 1 year high of $50.93.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Midwest Financial Network LLC purchased a new position in shares of Fidelity Low Duration Bond ETF during the 1st quarter worth $222,000. Cetera Investment Advisers bought a new position in shares of Fidelity Low Duration Bond ETF in the second quarter worth about $234,000. RCS Financial Planning LLC bought a new position in Fidelity Low Duration Bond ETF in the 1st quarter worth approximately $341,000. LPL Financial LLC purchased a new position in Fidelity Low Duration Bond ETF during the fourth quarter valued at $412,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Fidelity Low Duration Bond ETF by 135.7% during the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after purchasing an additional 7,741 shares in the last quarter.

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.