Vestmark Advisory Solutions Inc. Sells 58,817 Shares of Fidelity Limited Term Bond ETF $FLTB

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 50.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,587 shares of the company’s stock after selling 58,817 shares during the period. Vestmark Advisory Solutions Inc. owned 1.05% of Fidelity Limited Term Bond ETF worth $2,917,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. lifted its position in shares of Fidelity Limited Term Bond ETF by 4.6% in the 2nd quarter. Raymond James Financial Inc. now owns 9,905 shares of the company’s stock worth $499,000 after purchasing an additional 438 shares during the period. Grey Ledge Advisors LLC grew its holdings in Fidelity Limited Term Bond ETF by 1.5% during the 3rd quarter. Grey Ledge Advisors LLC now owns 36,448 shares of the company’s stock worth $1,846,000 after acquiring an additional 546 shares during the period. United Advisor Group LLC raised its position in shares of Fidelity Limited Term Bond ETF by 8.9% in the 2nd quarter. United Advisor Group LLC now owns 7,493 shares of the company’s stock worth $379,000 after acquiring an additional 613 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fidelity Limited Term Bond ETF by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,695 shares of the company’s stock valued at $589,000 after purchasing an additional 916 shares during the period. Finally, MMA Asset Management LLC bought a new stake in shares of Fidelity Limited Term Bond ETF during the 3rd quarter valued at about $53,000. Institutional investors own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Price Performance

NYSEARCA FLTB opened at $50.97 on Wednesday. The stock has a market capitalization of $361.89 million, a P/E ratio of 32.26 and a beta of 0.10. The business has a 50 day simple moving average of $50.80 and a 200 day simple moving average of $50.76. Fidelity Limited Term Bond ETF has a one year low of $49.41 and a one year high of $51.15.

Fidelity Limited Term Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were paid a $0.175 dividend. The ex-dividend date was Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 4.1%. Fidelity Limited Term Bond ETF’s payout ratio is currently 137.97%.

About Fidelity Limited Term Bond ETF

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.