Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Stock Price Up 0.1% – Still a Buy?

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

Fidelity Low Duration Bond ETF Trading Up 0.1%

The business has a 50-day moving average of $50.36 and a two-hundred day moving average of $50.42.

Fidelity Low Duration Bond ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLDB. Midwest Financial Network LLC acquired a new position in shares of Fidelity Low Duration Bond ETF in the first quarter valued at approximately $222,000. Cetera Investment Advisers acquired a new stake in Fidelity Low Duration Bond ETF during the 2nd quarter worth approximately $234,000. RCS Financial Planning LLC bought a new stake in Fidelity Low Duration Bond ETF during the 1st quarter worth approximately $341,000. LPL Financial LLC bought a new stake in Fidelity Low Duration Bond ETF during the 4th quarter worth approximately $412,000. Finally, Envestnet Asset Management Inc. grew 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 worth $680,000 after acquiring an additional 7,741 shares during the last quarter.

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.