Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Trading Up 0.1% – Time to Buy?

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) traded up 0.1% during trading on Thursday . The company traded as high as $50.39 and last traded at $50.37. Approximately 1,246 shares changed hands during trading, a decline of 84% from the average session volume of 7,728 shares. The stock had previously closed at $50.33.

Fidelity Low Duration Bond ETF Stock Performance

The firm’s 50 day simple moving average is $50.36 and its 200 day simple moving average is $50.42.

Fidelity Low Duration Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 28th were issued a dividend of $0.161 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Institutional Trading of Fidelity Low Duration Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Midwest Financial Network LLC bought a new position in shares of Fidelity Low Duration Bond ETF during the first quarter valued at about $222,000. Cetera Investment Advisers bought a new stake in shares of Fidelity Low Duration Bond ETF in the 2nd quarter valued at about $234,000. RCS Financial Planning LLC purchased a new stake in Fidelity Low Duration Bond ETF during the 1st quarter valued at about $341,000. LPL Financial LLC purchased a new stake in Fidelity Low Duration Bond ETF during the 4th quarter valued at about $412,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Fidelity Low Duration Bond ETF by 135.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after acquiring an additional 7,741 shares during the period.

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.