Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Declares Dividend Increase – $0.16 Per Share

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a monthly dividend on Thursday, February 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, February 26th will be paid a dividend of 0.158 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, February 26th. This is a 8.2% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.15.

Fidelity Low Duration Bond ETF Stock Performance

NASDAQ:FLDB traded down $0.15 on Thursday, hitting $50.40. The stock had a trading volume of 12,361 shares, compared to its average volume of 10,533. The company has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $50.56. Fidelity Low Duration Bond ETF has a 1-year low of $50.19 and a 1-year high of $50.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLDB. Cetera Investment Advisers acquired a new stake in Fidelity Low Duration Bond ETF during the second quarter worth $234,000. Envestnet Asset Management Inc. acquired a new position in shares of Fidelity Low Duration Bond ETF in the 2nd quarter valued at $288,000. LPL Financial LLC purchased a new position in shares of Fidelity Low Duration Bond ETF during the 4th quarter worth $412,000. Nwam LLC acquired a new stake in shares of Fidelity Low Duration Bond ETF during the 2nd quarter worth about $585,000. Finally, &PARTNERS acquired a new stake in shares of Fidelity Low Duration Bond ETF during the 4th quarter worth about $767,000.

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. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.