Park Avenue Securities LLC bought a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) during the third quarter, HoldingsChannel.com reports. The firm bought 10,930 shares of the company’s stock, valued at approximately $745,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneva Partners LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 6.6% in the third quarter. Geneva Partners LLC now owns 88,371 shares of the company’s stock worth $6,026,000 after acquiring an additional 5,465 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 3rd quarter valued at approximately $412,000. IFP Advisors Inc boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 22.2% in the 3rd quarter. IFP Advisors Inc now owns 2,039 shares of the company’s stock valued at $139,000 after purchasing an additional 370 shares in the last quarter. Perryman Financial Advisory Inc. AD bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at approximately $271,000. Finally, Midwest Financial Network LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 149.9% during the 3rd quarter. Midwest Financial Network LLC now owns 50,907 shares of the company’s stock valued at $3,471,000 after purchasing an additional 30,533 shares during the last quarter.
Fidelity Dividend ETF for Rising Rates Price Performance
FDRR stock opened at $69.35 on Thursday. The company has a 50 day simple moving average of $69.21 and a 200 day simple moving average of $65.35. The stock has a market cap of $776.72 million, a price-to-earnings ratio of 17.77 and a beta of 0.89. Fidelity Dividend ETF for Rising Rates has a 1 year low of $57.18 and a 1 year high of $70.70.
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.
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Want to see what other hedge funds are holding FDRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report).
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