Archer Investment Management LLC Acquires Shares of 137,358 Fidelity Low Duration Bond Factor ETF (BATS:FLDR)

Archer Investment Management LLC bought a new position in shares of Fidelity Low Duration Bond Factor ETF (BATS:FLDR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 137,358 shares of the company’s stock, valued at approximately $6,858,000. Fidelity Low Duration Bond Factor ETF accounts for about 4.2% of Archer Investment Management LLC’s investment portfolio, making the stock its 8th biggest position. Archer Investment Management LLC owned 1.58% of Fidelity Low Duration Bond Factor ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 42.3% in the third quarter. JPMorgan Chase & Co. now owns 1,572 shares of the company’s stock valued at $79,000 after buying an additional 467 shares during the period. Lakeridge Wealth Management LLC acquired a new position in shares of Fidelity Low Duration Bond Factor ETF in the third quarter valued at approximately $214,000. Mach 1 Financial Group LLC acquired a new position in shares of Fidelity Low Duration Bond Factor ETF in the third quarter valued at approximately $411,000. Sugar Maple Asset Management LLC increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 15.3% in the third quarter. Sugar Maple Asset Management LLC now owns 9,795 shares of the company’s stock valued at $492,000 after buying an additional 1,301 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of Fidelity Low Duration Bond Factor ETF in the third quarter valued at approximately $549,000.

Fidelity Low Duration Bond Factor ETF Price Performance

BATS:FLDR opened at $49.98 on Tuesday. The firm’s fifty day moving average price is $50.05 and its 200 day moving average price is $50.15.

Fidelity Low Duration Bond Factor ETF Cuts Dividend

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

Fidelity Low Duration Bond Factor ETF Company Profile

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.