PFG Advisors Purchases Shares of 8,902 Fidelity Dividend ETF for Rising Rates $FDRR

PFG Advisors purchased a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,902 shares of the company’s stock, valued at approximately $522,000. PFG Advisors owned approximately 0.08% of Fidelity Dividend ETF for Rising Rates as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Geneva Partners LLC boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 2.2% in the 3rd quarter. Geneva Partners LLC now owns 89,103 shares of the company’s stock valued at $5,223,000 after purchasing an additional 1,940 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Fidelity Dividend ETF for Rising Rates by 227.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 23,765 shares of the company’s stock worth $1,393,000 after purchasing an additional 16,510 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Fidelity Dividend ETF for Rising Rates by 33.7% in the third quarter. J.W. Cole Advisors Inc. now owns 9,951 shares of the company’s stock worth $583,000 after purchasing an additional 2,508 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Fidelity Dividend ETF for Rising Rates by 21.0% during the third quarter. Envestnet Asset Management Inc. now owns 49,130 shares of the company’s stock valued at $2,880,000 after buying an additional 8,529 shares during the period. Finally, Cornerstone Planning Group LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the third quarter valued at about $49,000.

Fidelity Dividend ETF for Rising Rates Trading Down 1.1%

Shares of NYSEARCA:FDRR opened at $60.07 on Friday. The stock has a market capitalization of $654.76 million, a P/E ratio of 17.77 and a beta of 0.91. The stock’s 50-day moving average price is $61.78 and its 200-day moving average price is $60.22. Fidelity Dividend ETF for Rising Rates has a 12-month low of $43.06 and a 12-month high of $63.34.

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.