Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Stock Price Down 0.1% – Time to Sell?

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was down 0.1% during mid-day trading on Thursday . The company traded as low as $50.36 and last traded at $50.36. Approximately 3,269 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 8,660 shares. The stock had previously closed at $50.39.

Fidelity Low Duration Bond ETF Stock Down 0.1%

The stock’s fifty day simple moving average is $50.45 and its 200-day simple moving average is $50.54.

Fidelity Low Duration Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a $0.158 dividend. This is a positive change from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLDB. Envestnet Asset Management Inc. acquired a new stake in Fidelity Low Duration Bond ETF in the second quarter worth $288,000. Cetera Investment Advisers acquired a new position in shares of Fidelity Low Duration Bond ETF during the second quarter valued at $234,000. JPMorgan Chase & Co. grew its position in shares of Fidelity Low Duration Bond ETF by 2,138.2% during the second quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock worth $982,000 after acquiring an additional 18,602 shares during the last quarter. Jane Street Group LLC grew its position in shares of Fidelity Low Duration Bond ETF by 110.0% during the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock worth $1,019,000 after acquiring an additional 10,579 shares during the last quarter. Finally, Nwam LLC increased its holdings in shares of Fidelity Low Duration Bond ETF by 31.2% in the 3rd quarter. Nwam LLC now owns 15,215 shares of the company’s stock worth $771,000 after acquiring an additional 3,618 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.