Brown Brothers Harriman & Co. Buys New Stake in Fidelity Low Duration Bond Factor ETF (BATS:FLDR)

Brown Brothers Harriman & Co. purchased a new position in shares of Fidelity Low Duration Bond Factor ETF (BATS:FLDR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 600 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC lifted its stake in Fidelity Low Duration Bond Factor ETF by 19.4% during the 4th quarter. Private Advisor Group LLC now owns 5,968 shares of the company’s stock worth $298,000 after acquiring an additional 968 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Fidelity Low Duration Bond Factor ETF during the fourth quarter worth about $266,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of Fidelity Low Duration Bond Factor ETF during the fourth quarter worth about $277,000. Wells Fargo & Company MN boosted its stake in shares of Fidelity Low Duration Bond Factor ETF by 118.4% in the fourth quarter. Wells Fargo & Company MN now owns 281,014 shares of the company’s stock valued at $14,021,000 after purchasing an additional 152,344 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fidelity Low Duration Bond Factor ETF by 99.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,856 shares of the company’s stock valued at $1,792,000 after purchasing an additional 17,892 shares in the last quarter.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of FLDR opened at $50.39 on Friday. The business’s fifty day simple moving average is $50.23 and its 200 day simple moving average is $50.07.

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.