RCS Financial Planning LLC Buys Shares of 13,782 Fidelity Dividend ETF for Rising Rates $FDRR

RCS Financial Planning LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,782 shares of the company’s stock, valued at approximately $810,000. RCS Financial Planning LLC owned approximately 0.13% of Fidelity Dividend ETF for Rising Rates at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FDRR. Ameritas Advisory Services LLC lifted its holdings in Fidelity Dividend ETF for Rising Rates by 70,725.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock worth $45,292,000 after purchasing an additional 741,204 shares in the last quarter. LPL Financial LLC increased its position in shares of Fidelity Dividend ETF for Rising Rates by 30.1% during the fourth quarter. LPL Financial LLC now owns 347,319 shares of the company’s stock valued at $21,193,000 after buying an additional 80,360 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at about $18,951,000. Bank of America Corp DE lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 1.2% in the third quarter. Bank of America Corp DE now owns 231,306 shares of the company’s stock worth $13,559,000 after buying an additional 2,774 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 1.3% in the third quarter. Private Advisor Group LLC now owns 179,052 shares of the company’s stock worth $10,496,000 after buying an additional 2,263 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Trading Down 0.7%

FDRR stock opened at $64.22 on Friday. The firm has a 50 day moving average of $64.75 and a 200-day moving average of $62.37. Fidelity Dividend ETF for Rising Rates has a 12 month low of $53.21 and a 12 month high of $67.68. The firm has a market capitalization of $700.00 million, a P/E ratio of 17.77 and a beta of 0.88.

Fidelity Dividend ETF for Rising Rates Company Profile

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.