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

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Thursday, July 30th, NASDAQ Dividends reports. Shareholders of record on Thursday, July 30th will be given a dividend of 0.165 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, July 30th.

Fidelity Low Duration Bond ETF Stock Performance

Fidelity Low Duration Bond ETF stock traded down $0.16 during mid-day trading on Thursday, hitting $50.25. The company’s stock had a trading volume of 8,386 shares, compared to its average volume of 7,780. Fidelity Low Duration Bond ETF has a one year low of $50.15 and a one year high of $50.93. The company has a 50 day moving average of $50.33 and a 200-day moving average of $50.39.

Institutional Trading of Fidelity Low Duration Bond ETF

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Low Duration Bond ETF by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock worth $1,073,000 after buying an additional 1,759 shares during the last quarter. Midwest Financial Network LLC acquired a new position in Fidelity Low Duration Bond ETF in the 1st quarter valued at about $222,000. Cetera Investment Advisers purchased a new stake in Fidelity Low Duration Bond ETF during the 2nd quarter worth approximately $234,000. RCS Financial Planning LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF in the first quarter valued at $341,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Low Duration Bond ETF by 135.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after buying 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.