Stifel Financial Corp Raises Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Stifel Financial Corp boosted its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,142 shares of the company’s stock after buying an additional 847 shares during the period. Stifel Financial Corp’s holdings in Fidelity Dividend ETF for Rising Rates were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FDRR. Ameritas Advisory Services LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 5.4% in the third quarter. Ameritas Advisory Services LLC now owns 832,245 shares of the company’s stock worth $42,861,000 after purchasing an additional 42,853 shares during the last quarter. Flow Traders U.S. LLC boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 254.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock worth $2,574,000 after purchasing an additional 35,872 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Fidelity Dividend ETF for Rising Rates by 3.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 414,759 shares of the company’s stock worth $20,012,000 after buying an additional 14,805 shares during the last quarter. FMR LLC grew its stake in 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 buying an additional 9,759 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Fidelity Dividend ETF for Rising Rates by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 194,964 shares of the company’s stock valued at $10,041,000 after buying an additional 1,870 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of FDRR stock opened at $52.30 on Thursday. Fidelity Dividend ETF for Rising Rates has a fifty-two week low of $43.17 and a fifty-two week high of $53.92. The firm has a market capitalization of $596.22 million, a price-to-earnings ratio of 14.66 and a beta of 0.84. The stock’s 50-day simple moving average is $52.71 and its 200-day simple moving average is $50.76.

About Fidelity Dividend ETF for Rising Rates

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.