Atria Wealth Solutions Inc. Sells 2,086 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Atria Wealth Solutions Inc. reduced its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 68,843 shares of the company’s stock after selling 2,086 shares during the period. Atria Wealth Solutions Inc.’s holdings in Fidelity Dividend ETF for Rising Rates were worth $3,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDRR. Element Wealth LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 11.9% in the 4th quarter. Element Wealth LLC now owns 2,599 shares of the company’s stock valued at $114,000 after purchasing an additional 277 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in Fidelity Dividend ETF for Rising Rates in the third quarter valued at about $134,000. Stewart & Patten Co. LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at about $216,000. Triumph Capital Management raised its stake in Fidelity Dividend ETF for Rising Rates by 11.5% during the third quarter. Triumph Capital Management now owns 8,985 shares of the company’s stock worth $357,000 after acquiring an additional 927 shares in the last quarter. Finally, MWA Asset Management bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the third quarter worth about $407,000.

Fidelity Dividend ETF for Rising Rates Trading Up 0.8 %

Shares of Fidelity Dividend ETF for Rising Rates stock opened at $45.38 on Monday. The firm has a market capitalization of $517.33 million, a PE ratio of 14.16 and a beta of 0.84. The firm’s 50 day moving average is $45.43 and its 200 day moving average is $43.49. Fidelity Dividend ETF for Rising Rates has a 1 year low of $38.14 and a 1 year high of $46.61.

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.