LPL Financial LLC Sells 31,372 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

LPL Financial LLC decreased its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,885 shares of the company’s stock after selling 31,372 shares during the quarter. LPL Financial LLC owned about 0.96% of Fidelity Dividend ETF for Rising Rates worth $5,362,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FDRR. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 42.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 748,231 shares of the company’s stock valued at $29,817,000 after acquiring an additional 222,805 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 33.8% during the 1st quarter. Ameritas Advisory Services LLC now owns 559,533 shares of the company’s stock valued at $22,968,000 after acquiring an additional 141,463 shares during the period. Jane Street Group LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 764.0% during the 4th quarter. Jane Street Group LLC now owns 260,442 shares of the company’s stock valued at $10,379,000 after acquiring an additional 230,297 shares during the period. UBS Group AG lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 50.1% during the 1st quarter. UBS Group AG now owns 101,254 shares of the company’s stock valued at $4,508,000 after acquiring an additional 33,778 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 10.0% during the 1st quarter. Raymond James & Associates now owns 89,733 shares of the company’s stock valued at $3,995,000 after acquiring an additional 8,154 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Up 0.2 %

Fidelity Dividend ETF for Rising Rates stock opened at $42.08 on Friday. The company has a market capitalization of $536.52 million, a PE ratio of 13.48 and a beta of 0.95. The firm’s fifty day moving average is $41.89 and its 200 day moving average is $40.98. Fidelity Dividend ETF for Rising Rates has a 12-month low of $35.13 and a 12-month high of $43.31.

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.