8,249 Shares in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,249 shares of the company’s stock, valued at approximately $424,000. Wealth Enhancement Advisory Services LLC owned 0.08% of Fidelity Dividend ETF for Rising Rates at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FDRR. Gladstone Institutional Advisory LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 4.5% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 16,502 shares of the company’s stock worth $848,000 after buying an additional 714 shares in the last quarter. Next Level Wealth Planning LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at about $228,000. Sigma Planning Corp raised its stake in Fidelity Dividend ETF for Rising Rates by 23.8% during the 4th quarter. Sigma Planning Corp now owns 8,373 shares of the company’s stock valued at $430,000 after acquiring an additional 1,607 shares during the last quarter. Snider Financial Group purchased a new stake in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at approximately $356,000. Finally, Cullen Frost Bankers Inc. increased its position in Fidelity Dividend ETF for Rising Rates by 101.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,696 shares of the company’s stock worth $344,000 after purchasing an additional 3,380 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Down 1.2%

NYSEARCA FDRR opened at $52.38 on Friday. The stock has a market capitalization of $557.85 million, a price-to-earnings ratio of 18.57 and a beta of 0.91. The business’s 50 day moving average is $49.77 and its two-hundred day moving average is $51.12. Fidelity Dividend ETF for Rising Rates has a 12-month low of $43.06 and a 12-month high of $54.08.

Fidelity Dividend ETF for Rising Rates 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.