Midwest Financial Network LLC Purchases Shares of 12,688 Fidelity Dividend ETF for Rising Rates $FDRR

Midwest Financial Network LLC acquired a new position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,688 shares of the company’s stock, valued at approximately $746,000. Midwest Financial Network LLC owned 0.12% of Fidelity Dividend ETF for Rising Rates at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 70,725.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock valued at $45,292,000 after purchasing an additional 741,204 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the fourth quarter worth $18,951,000. LPL Financial LLC boosted its stake in 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 worth $21,193,000 after buying an additional 80,360 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Dividend ETF for Rising Rates by 456.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,393 shares of the company’s stock worth $2,953,000 after buying an additional 39,697 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 57.3% in the 3rd quarter. NewEdge Advisors LLC now owns 89,171 shares of the company’s stock valued at $5,227,000 after buying an additional 32,491 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of FDRR stock opened at $67.80 on Friday. Fidelity Dividend ETF for Rising Rates has a 52-week low of $54.38 and a 52-week high of $68.04. The stock has a market cap of $739.02 million, a price-to-earnings ratio of 17.77 and a beta of 0.88. The firm has a fifty day moving average of $66.20 and a 200-day moving average of $63.31.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.