Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 4,895.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,130 shares of the company’s stock after purchasing an additional 19,727 shares during the quarter. GAMMA Investing LLC owned approximately 0.19% of Fidelity Dividend ETF for Rising Rates worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FDRR. Raymond James Financial Inc. acquired a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter worth $3,752,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the fourth quarter worth about $424,000. Creative Financial Designs Inc. ADV lifted its holdings in Fidelity Dividend ETF for Rising Rates by 5.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,058 shares of the company’s stock worth $311,000 after purchasing an additional 319 shares during the period. Cetera Investment Advisers lifted its holdings in Fidelity Dividend ETF for Rising Rates by 11.7% in the fourth quarter. Cetera Investment Advisers now owns 32,177 shares of the company’s stock worth $1,653,000 after purchasing an additional 3,380 shares during the period. Finally, LPL Financial LLC lifted its holdings in Fidelity Dividend ETF for Rising Rates by 4.9% in the fourth quarter. LPL Financial LLC now owns 174,960 shares of the company’s stock worth $8,989,000 after purchasing an additional 8,157 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Up 0.9%

Shares of NYSEARCA:FDRR opened at $52.85 on Tuesday. The company has a 50 day moving average of $49.95 and a 200-day moving average of $51.09. The firm has a market cap of $562.85 million, a P/E ratio of 18.57 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a twelve month low of $43.06 and a twelve month high of $54.08.

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.