Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Stock Price Breaks Above Fifty Day Moving Average – Should You Sell?

Fidelity Low Duration Bond ETF (NASDAQ:FLDB)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $50.26 and traded as high as $50.35. Fidelity Low Duration Bond ETF shares last traded at $50.35, with a volume of 17,876 shares trading hands.

Fidelity Low Duration Bond ETF Price Performance

The company has a 50-day simple moving average of $50.25 and a 200-day simple moving average of $50.35.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 29th were given a $0.1670 dividend. The ex-dividend date was Thursday, October 29th. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. This is a boost from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1580.

Institutional Investors Weigh In On Fidelity Low Duration Bond ETF

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in Fidelity Low Duration Bond ETF in the 2nd quarter valued at about $51,000. Midwest Financial Network LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF during the 1st quarter worth about $222,000. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Low Duration Bond ETF by 14.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock worth $1,653,000 after purchasing an additional 4,108 shares during the last quarter. Finally, Harmony Asset Management LLC purchased a new stake in shares of Fidelity Low Duration Bond ETF during the first quarter worth about $6,980,000.

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.