Raymond James & Associates grew its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Rating) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,728 shares of the company’s stock after acquiring an additional 2,694 shares during the quarter. Raymond James & Associates owned about 0.27% of Fidelity Dividend ETF for Rising Rates worth $1,543,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of FDRR. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 42.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 748,231 shares of the company’s stock worth $29,817,000 after purchasing an additional 222,805 shares during the period. Jane Street Group LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 365.8% in the 2nd quarter. Jane Street Group LLC now owns 132,623 shares of the company’s stock worth $5,123,000 after acquiring an additional 104,148 shares during the period. Ameritas Advisory Services LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 49.1% in the 3rd quarter. Ameritas Advisory Services LLC now owns 284,777 shares of the company’s stock worth $10,101,000 after acquiring an additional 93,836 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates during the first quarter worth approximately $3,262,000. Finally, Royal Bank of Canada grew its position in shares of Fidelity Dividend ETF for Rising Rates by 13,136.6% during the first quarter. Royal Bank of Canada now owns 65,124 shares of the company’s stock worth $2,899,000 after buying an additional 64,632 shares in the last quarter.
Fidelity Dividend ETF for Rising Rates Trading Down 0.6 %
FDRR stock opened at $39.77 on Thursday. Fidelity Dividend ETF for Rising Rates has a twelve month low of $35.13 and a twelve month high of $42.81. The company has a market capitalization of $544.85 million, a P/E ratio of 14.53 and a beta of 0.95. The firm has a 50 day simple moving average of $40.42 and a 200-day simple moving average of $40.60.
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.
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