Envestnet Asset Management Inc. Has $1.84 Million Stock Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Envestnet Asset Management Inc. boosted its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,891 shares of the company’s stock after buying an additional 2,213 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.35% of Fidelity Dividend ETF for Rising Rates worth $1,843,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDRR. CX Institutional acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 1st quarter valued at approximately $29,000. Wells Fargo & Company MN raised its position in Fidelity Dividend ETF for Rising Rates by 570.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,167 shares of the company’s stock valued at $60,000 after buying an additional 993 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Fidelity Dividend ETF for Rising Rates by 16.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,065 shares of the company’s stock valued at $353,000 after buying an additional 1,007 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at approximately $424,000. Finally, Brown Lisle Cummings Inc. grew its stake in Fidelity Dividend ETF for Rising Rates by 6.5% in the first quarter. Brown Lisle Cummings Inc. now owns 11,075 shares of the company’s stock valued at $553,000 after purchasing an additional 675 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Down 0.3%

FDRR stock opened at $55.48 on Thursday. The business has a 50 day moving average price of $53.64 and a two-hundred day moving average price of $51.60. The company has a market cap of $585.31 million, a price-to-earnings ratio of 17.77 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a twelve month low of $43.06 and a twelve month high of $56.26.

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.