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

Fidelity Low Duration Bond ETF (NASDAQ:FLDBGet Free Report) 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

(Get Free Report)

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.

Further Reading

Dividend History for Fidelity Low Duration Bond ETF (NASDAQ:FLDB)

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