Harmony Asset Management LLC Makes New $6.98 Million Investment in Fidelity Low Duration Bond ETF $FLDB

Harmony Asset Management LLC acquired a new stake in Fidelity Low Duration Bond ETF (NASDAQ:FLDB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 138,723 shares of the company’s stock, valued at approximately $6,980,000. Fidelity Low Duration Bond ETF accounts for approximately 2.1% of Harmony Asset Management LLC’s portfolio, making the stock its 8th biggest holding. Harmony Asset Management LLC owned approximately 1.71% of Fidelity Low Duration Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLDB. Cetera Investment Advisers bought a new stake 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 during the 1st quarter valued at approximately $341,000. LPL Financial LLC bought a new position in Fidelity Low Duration Bond ETF during the 4th quarter valued at approximately $412,000. Envestnet Asset Management Inc. lifted its holdings in 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 worth $680,000 after buying an additional 7,741 shares during the period. Finally, &PARTNERS purchased a new stake in Fidelity Low Duration Bond ETF in the 4th quarter worth approximately $767,000.

Fidelity Low Duration Bond ETF Trading Down 0.0%

Shares of FLDB stock opened at $50.30 on Thursday. Fidelity Low Duration Bond ETF has a fifty-two week low of $50.15 and a fifty-two week high of $50.93. The business’s 50 day moving average price is $50.33 and its 200-day moving average price is $50.39.

Fidelity Low Duration Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 29th were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, June 29th. This is an increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

About Fidelity Low Duration Bond ETF

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.