Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Shares Down 0% – What’s Next?

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) traded down 0% during mid-day trading on Tuesday . The stock traded as low as $50.56 and last traded at $50.57. 848 shares were traded during trading, a decline of 72% from the average session volume of 3,083 shares. The stock had previously closed at $50.58.

Fidelity Low Duration Bond ETF Trading Down 0.0%

The company’s 50 day moving average price is $50.62 and its 200-day moving average price is $50.55.

Fidelity Low Duration Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, November 3rd. Shareholders of record on Thursday, October 30th were paid a dividend of $0.179 per share. The ex-dividend date was Thursday, October 30th.

Institutional Trading of Fidelity Low Duration Bond ETF

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 1,759 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidelity Low Duration Bond ETF by 135.7% in the third 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 in the last quarter. Nwam LLC increased its position in shares of Fidelity Low Duration Bond ETF by 31.2% in the third quarter. Nwam LLC now owns 15,215 shares of the company’s stock worth $771,000 after acquiring an additional 3,618 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Fidelity Low Duration Bond ETF by 110.0% in the 2nd quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock valued at $1,019,000 after acquiring an additional 10,579 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Fidelity Low Duration Bond ETF during the 2nd quarter valued at $234,000.

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.