Fidelity Low Duration Bond ETF (FLDB)
Fidelity Low Duration Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $50.33, up 0.06% on the session, giving a market capitalisation of $410.2M. Its beta of 0.01 implies it has historically moved less than the broad market.
The Fidelity Low Duration Bond ETF (FLDB) seeks to provide investors with a substantial level of ongoing income. It achieves this by employing an active management strategy, investing in a diverse mix of fixed-income assets, including corporate bonds, securitized products, and government-issued debt. A defining feature of this fund is its commitment to generally maintain a portfolio duration of one year or less.
Fidelity Low Duration Bond ETF is most often compared with the following Financial Services names: