PKS Advisory Services LLC Acquires New Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

PKS Advisory Services LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,808 shares of the company’s stock, valued at approximately $555,000. PKS Advisory Services LLC owned 0.09% of Fidelity Dividend ETF for Rising Rates as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC raised its position in shares of Fidelity Dividend ETF for Rising Rates by 18.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 987,768 shares of the company’s stock valued at $50,751,000 after acquiring an additional 155,523 shares during the period. Raymond James Financial Inc. bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter worth $3,752,000. Flagship Wealth Advisors LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at $2,192,000. Flow Traders U.S. LLC increased 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 valued at $2,574,000 after buying an additional 35,872 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Fidelity Dividend ETF for Rising Rates by 79.8% during the 3rd quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock worth $2,048,000 after buying an additional 17,649 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Down 0.2 %

NYSEARCA:FDRR opened at $51.24 on Wednesday. Fidelity Dividend ETF for Rising Rates has a 1 year low of $44.19 and a 1 year high of $54.08. The stock has a 50-day moving average price of $52.18 and a two-hundred day moving average price of $52.10. The stock has a market cap of $545.71 million, a price-to-earnings ratio of 19.11 and a beta of 0.95.

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.