Investors bought 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 firm also recently disclosed a monthly dividend, which was paid on Thursday, February 1st. Shareholders of record on Tuesday, January 30th were issued a dividend of $0.102 per share. 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. This represents a $1.22 annualized dividend and a yield of 2.50%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harwood Advisory Group LLC purchased a new stake in shares of Fidelity Merrimack Street Trust in the fourth quarter valued at about $207,000. Raymond James & Associates purchased a new stake in shares of Fidelity Merrimack Street Trust in the fourth quarter valued at about $217,000. Greatmark Investment Partners Inc. purchased a new stake in shares of Fidelity Merrimack Street Trust in the fourth quarter valued at about $217,000. Vantage Investment Advisors LLC raised its holdings in shares of Fidelity Merrimack Street Trust by 972.0% in the fourth quarter. Vantage Investment Advisors LLC now owns 6,014 shares of the company’s stock valued at $302,000 after purchasing an additional 5,453 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of Fidelity Merrimack Street Trust by 43.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,208 shares of the company’s stock valued at $563,000 after purchasing an additional 3,380 shares during the last quarter.

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