Kestra Advisory Services LLC grew its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) by 32.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,941 shares of the company’s stock after acquiring an additional 16,217 shares during the quarter. Kestra Advisory Services LLC owned 0.61% of Fidelity Dividend ETF for Rising Rates worth $3,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC boosted its position in shares of 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 valued at $45,292,000 after acquiring an additional 741,204 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at $18,951,000. LPL Financial LLC raised 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 valued at $21,193,000 after purchasing an additional 80,360 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $2,953,000 after purchasing an additional 39,697 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position 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.
Fidelity Dividend ETF for Rising Rates Stock Up 0.2%
Shares of NYSEARCA:FDRR opened at $67.19 on Friday. Fidelity Dividend ETF for Rising Rates has a 52 week low of $54.38 and a 52 week high of $67.68. The stock has a market capitalization of $732.37 million, a P/E ratio of 17.77 and a beta of 0.88. The firm has a fifty day simple moving average of $65.68 and a two-hundred day simple moving average of $62.88.
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.
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