Avantax Advisory Services Inc. Trims Stock Position in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB)

Avantax Advisory Services Inc. decreased its stake in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 13.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,748 shares of the company’s stock after selling 874 shares during the period. Avantax Advisory Services Inc.’s holdings in Fidelity Limited Term Bond ETF were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its holdings in shares of Fidelity Limited Term Bond ETF by 27.5% during the third quarter. Thrivent Financial for Lutherans now owns 12,103 shares of the company’s stock worth $612,000 after purchasing an additional 2,608 shares during the last quarter. Flow Traders U.S. LLC grew its stake in Fidelity Limited Term Bond ETF by 77.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 30,317 shares of the company’s stock worth $1,527,000 after buying an additional 13,215 shares during the last quarter. MML Investors Services LLC increased its position in Fidelity Limited Term Bond ETF by 8.3% during the third quarter. MML Investors Services LLC now owns 19,903 shares of the company’s stock worth $1,002,000 after buying an additional 1,532 shares during the period. JPMorgan Chase & Co. lifted its stake in Fidelity Limited Term Bond ETF by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 13,278 shares of the company’s stock valued at $669,000 after buying an additional 1,591 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Fidelity Limited Term Bond ETF by 418.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,494 shares of the company’s stock valued at $1,989,000 after acquiring an additional 31,869 shares during the period.

Fidelity Limited Term Bond ETF Stock Performance

Shares of FLTB opened at $50.15 on Wednesday. The company’s 50 day simple moving average is $49.94 and its 200-day simple moving average is $49.96. Fidelity Limited Term Bond ETF has a 12-month low of $48.51 and a 12-month high of $51.00.

Fidelity Limited Term Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 27th.

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.