Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,225 shares of the company’s stock after acquiring an additional 4,328 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $11,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 46.0% in the 4th quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $75,000 after acquiring an additional 461 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth $292,000. Jane Street Group LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 79.8% in the 3rd quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock worth $2,048,000 after acquiring an additional 17,649 shares during the last quarter. FMR LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 16.9% during the 3rd quarter. FMR LLC now owns 67,620 shares of the company’s stock worth $3,482,000 after purchasing an additional 9,759 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 7.5% during the 3rd quarter. Stifel Financial Corp now owns 12,142 shares of the company’s stock worth $625,000 after purchasing an additional 847 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Down 0.6 %

NYSEARCA FDRR opened at $50.77 on Wednesday. The stock has a market cap of $540.70 million, a PE ratio of 21.30 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a twelve month low of $44.19 and a twelve month high of $54.08. The stock has a fifty day simple moving average of $52.20 and a 200-day simple moving average of $52.06.

Fidelity Dividend ETF for Rising Rates 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.