CDM Financial Counseling Services Inc. bought a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,100 shares of the company’s stock, valued at approximately $494,000.
Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Fidelity Dividend ETF for Rising Rates during the fourth quarter worth approximately $49,000. Cornerstone Planning Group LLC acquired a new position in Fidelity Dividend ETF for Rising Rates during the third quarter worth approximately $49,000. Advisory Services Network LLC acquired a new position in Fidelity Dividend ETF for Rising Rates during the third quarter worth approximately $79,000. Darwin Wealth Management LLC acquired a new position in Fidelity Dividend ETF for Rising Rates during the second quarter worth approximately $94,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Fidelity Dividend ETF for Rising Rates during the third quarter worth approximately $110,000.
Fidelity Dividend ETF for Rising Rates Price Performance
Shares of NYSEARCA FDRR opened at $64.57 on Monday. Fidelity Dividend ETF for Rising Rates has a twelve month low of $50.26 and a twelve month high of $65.28. The company has a market cap of $703.81 million, a PE ratio of 17.77 and a beta of 0.87. The business’s 50 day moving average price is $61.26 and its two-hundred day moving average price is $61.20.
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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.
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