Fidelity Dividend ETF for Rising Rates $FDRR Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 456.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,393 shares of the company’s stock after buying an additional 39,697 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Dividend ETF for Rising Rates were worth $2,953,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Ameritas Advisory Services LLC increased its stake in 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 buying an additional 741,204 shares during the period. Geneva Partners LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 1.8% during the 4th quarter. Geneva Partners LLC now owns 90,742 shares of the company’s stock valued at $5,537,000 after purchasing an additional 1,639 shares in the last quarter. Dentgroup LLC bought a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $254,000. PFG Advisors boosted its stake in Fidelity Dividend ETF for Rising Rates by 144.5% during the 4th quarter. PFG Advisors now owns 21,768 shares of the company’s stock valued at $1,328,000 after purchasing an additional 12,866 shares in the last quarter. Finally, CWM LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 22.0% during the 4th quarter. CWM LLC now owns 92,308 shares of the company’s stock valued at $5,633,000 after purchasing an additional 16,633 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of NYSEARCA FDRR opened at $65.68 on Tuesday. The stock has a fifty day moving average price of $61.78 and a two-hundred day moving average price of $61.41. The firm has a market cap of $715.91 million, a P/E ratio of 17.77 and a beta of 0.87. Fidelity Dividend ETF for Rising Rates has a 1 year low of $50.26 and a 1 year high of $65.95.

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.