Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Stock Price Up 0.2% – Still a Buy?

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) shot up 0.2% during mid-day trading on Monday . The company traded as high as $50.01 and last traded at $50.04. Approximately 70,304 shares changed hands during trading, The stock had previously closed at $49.94.

Fidelity Low Duration Bond Factor ETF Price Performance

The stock has a fifty day moving average price of $50.06 and a 200-day moving average price of $50.15.

Fidelity Low Duration Bond Factor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 30th were paid a $0.219 dividend. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On Fidelity Low Duration Bond Factor ETF

Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in Fidelity Low Duration Bond Factor ETF in the 2nd quarter worth approximately $5,549,000. Lowery Thomas LLC purchased a new stake in Fidelity Low Duration Bond Factor ETF in the third quarter valued at $2,442,000. Great Lakes Retirement Inc. acquired a new stake in Fidelity Low Duration Bond Factor ETF during the 3rd quarter worth about $2,301,000. Arete Wealth Advisors LLC raised its stake in shares of Fidelity Low Duration Bond Factor ETF by 63.8% during the 3rd quarter. Arete Wealth Advisors LLC now owns 67,752 shares of the company’s stock valued at $3,402,000 after buying an additional 26,400 shares during the last quarter. Finally, Family Asset Management LLC acquired a new position in shares of Fidelity Low Duration Bond Factor ETF in the 3rd quarter valued at about $1,239,000.

About Fidelity Low Duration Bond Factor ETF

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year.