Fmr LLC Increases Stock Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Fmr LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 16.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 67,620 shares of the company’s stock after acquiring an additional 9,759 shares during the quarter. Fmr LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $3,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the 2nd quarter worth approximately $60,000. Darwin Wealth Management LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth approximately $88,000. CWM LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 9.8% during the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock worth $183,000 after acquiring an additional 340 shares during the period. Truist Financial Corp increased its holdings in Fidelity Dividend ETF for Rising Rates by 24.4% during the 2nd quarter. Truist Financial Corp now owns 5,631 shares of the company’s stock worth $272,000 after acquiring an additional 1,103 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in Fidelity Dividend ETF for Rising Rates by 8.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,739 shares of the company’s stock worth $296,000 after acquiring an additional 450 shares during the period.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA:FDRR opened at $53.01 on Friday. The company’s fifty day moving average price is $52.66 and its 200-day moving average price is $50.47. The firm has a market capitalization of $604.28 million, a price-to-earnings ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a one year low of $43.15 and a one year high of $53.92.

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.