Traders Buy Shares of Fidelity Merrimack Street Trust (FBND) on Weakness

Traders purchased shares of Fidelity Merrimack Street Trust (NYSEARCA:FBND) on weakness during trading on Wednesday. $6.68 million flowed into the stock on the tick-up and $0.61 million flowed out of the stock on the tick-down, for a money net flow of $6.07 million into the stock. Of all stocks tracked, Fidelity Merrimack Street Trust had the 32nd highest net in-flow for the day. Fidelity Merrimack Street Trust traded down ($0.25) for the day and closed at $48.96

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 1st. Stockholders of record on Tuesday, January 30th were issued a $0.102 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from Fidelity Merrimack Street Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, January 29th.

Several institutional investors have recently added to or reduced their stakes in the company. Vantage Investment Advisors LLC raised its holdings in shares of Fidelity Merrimack Street Trust by 972.0% during the 4th quarter. Vantage Investment Advisors LLC now owns 6,014 shares of the company’s stock valued at $302,000 after buying an additional 5,453 shares during the period. Summit X LLC raised its holdings in shares of Fidelity Merrimack Street Trust by 23.6% during the 4th quarter. Summit X LLC now owns 63,689 shares of the company’s stock valued at $3,204,000 after buying an additional 12,142 shares during the period. Epstein & White Financial LLC purchased a new stake in shares of Fidelity Merrimack Street Trust during the 4th quarter valued at about $2,495,000. WealthTrust Arizona LLC raised its holdings in shares of Fidelity Merrimack Street Trust by 10.3% during the 4th quarter. WealthTrust Arizona LLC now owns 242,793 shares of the company’s stock valued at $12,200,000 after buying an additional 22,668 shares during the period. Finally, 3EDGE Asset Management LP raised its holdings in shares of Fidelity Merrimack Street Trust by 10.3% during the 4th quarter. 3EDGE Asset Management LP now owns 441,900 shares of the company’s stock valued at $22,206,000 after buying an additional 41,400 shares during the period.

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