Envestnet Asset Management Inc. Buys 8,529 Shares of Fidelity Dividend ETF for Rising Rates $FDRR

Envestnet Asset Management Inc. grew its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 21.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,130 shares of the company’s stock after buying an additional 8,529 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.46% of Fidelity Dividend ETF for Rising Rates worth $2,880,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FDRR. Jane Street Group LLC grew its position in Fidelity Dividend ETF for Rising Rates by 98.8% during the 1st quarter. Jane Street Group LLC now owns 12,715 shares of the company’s stock worth $635,000 after acquiring an additional 6,319 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Fidelity Dividend ETF for Rising Rates by 7.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 7,629 shares of the company’s stock worth $414,000 after buying an additional 497 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in Fidelity Dividend ETF for Rising Rates by 2.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 7,255 shares of the company’s stock worth $393,000 after acquiring an additional 190 shares during the last quarter. Stonebridge Financial Planning Group LLC increased its position in Fidelity Dividend ETF for Rising Rates by 1.9% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 17,970 shares of the company’s stock valued at $974,000 after acquiring an additional 340 shares during the period. Finally, Cetera Investment Advisers increased its position in Fidelity Dividend ETF for Rising Rates by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 41,764 shares of the company’s stock valued at $2,265,000 after acquiring an additional 2,275 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of NYSEARCA:FDRR opened at $62.71 on Thursday. Fidelity Dividend ETF for Rising Rates has a 52 week low of $43.06 and a 52 week high of $63.34. The firm has a market cap of $683.54 million, a PE ratio of 17.77 and a beta of 0.91. The firm’s fifty day moving average is $61.77 and its 200-day moving average is $59.89.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.