PFG Advisors Raises Stake in Fidelity Dividend ETF for Rising Rates $FDRR

PFG Advisors increased its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 144.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,768 shares of the company’s stock after buying an additional 12,866 shares during the quarter. PFG Advisors owned 0.20% of Fidelity Dividend ETF for Rising Rates worth $1,328,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FDRR. NewEdge Advisors LLC lifted its holdings in Fidelity Dividend ETF for Rising Rates by 57.3% during the third quarter. NewEdge Advisors LLC now owns 89,171 shares of the company’s stock valued at $5,227,000 after purchasing an additional 32,491 shares during the last quarter. Lido Advisors LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the third quarter valued at about $1,828,000. JPMorgan Chase & Co. lifted its holdings in Fidelity Dividend ETF for Rising Rates by 379.2% during the second quarter. JPMorgan Chase & Co. now owns 24,531 shares of the company’s stock valued at $1,330,000 after purchasing an additional 19,412 shares during the last quarter. CWM LLC lifted its holdings in Fidelity Dividend ETF for Rising Rates by 31.3% during the third quarter. CWM LLC now owns 75,675 shares of the company’s stock valued at $4,436,000 after purchasing an additional 18,054 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Fidelity Dividend ETF for Rising Rates by 227.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 23,765 shares of the company’s stock valued at $1,393,000 after purchasing an additional 16,510 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Up 0.6%

NYSEARCA FDRR opened at $63.02 on Thursday. The company has a market cap of $686.92 million, a PE ratio of 17.77 and a beta of 0.88. Fidelity Dividend ETF for Rising Rates has a 52 week low of $47.18 and a 52 week high of $63.49. The firm’s 50-day simple moving average is $60.78 and its two-hundred day simple moving average is $60.68.

Fidelity Dividend ETF for Rising Rates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.2%. This is a boost from Fidelity Dividend ETF for Rising Rates’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, March 20th.

About Fidelity Dividend ETF for Rising Rates

The Fidelity Dividend ETF for Rising Rates (FDRR) is an exchange-traded fund that is based on the Fidelity Dividend for Rising Rates index. The fund tracks an index of large- and mid-cap companies in developed nations that exhibit strong dividend characteristics and have a positive correlation to increasing 10-year US Treasury yields. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.