Lido Advisors LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,850 shares of the company’s stock, valued at approximately $2,172,000.
A number of other institutional investors also recently modified their holdings of FDRR. Kestra Advisory Services LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 39.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 74,926 shares of the company’s stock worth $5,109,000 after buying an additional 21,051 shares during the period. Commonwealth Equity Services LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $9,405,000. Next Level Wealth Planning LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $74,000. Landaas & Co. WI ADV purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the third quarter worth $751,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the third quarter worth $745,000.
Fidelity Dividend ETF for Rising Rates Price Performance
Shares of NYSEARCA:FDRR traded down $0.21 during trading on Friday, hitting $67.78. 16,305 shares of the company were exchanged, compared to its average volume of 19,395. Fidelity Dividend ETF for Rising Rates has a 52-week low of $57.18 and a 52-week high of $70.70. The stock has a 50 day moving average of $68.93 and a 200 day moving average of $65.57. The company has a market cap of $759.14 million, a PE ratio of 20.10 and a beta of 0.89.
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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.
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