Gladstone Institutional Advisory LLC Trims Stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Gladstone Institutional Advisory LLC decreased its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,036 shares of the company’s stock after selling 554 shares during the period. Gladstone Institutional Advisory LLC owned about 0.13% of Fidelity Dividend ETF for Rising Rates worth $704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Silver Oak Securities Incorporated purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 3rd quarter worth approximately $134,000. Lincoln National Corp lifted its position in Fidelity Dividend ETF for Rising Rates by 27.7% in the 4th quarter. Lincoln National Corp now owns 25,579 shares of the company’s stock valued at $1,123,000 after acquiring an additional 5,546 shares in the last quarter. Private Advisor Group LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 5.7% in the 4th quarter. Private Advisor Group LLC now owns 185,432 shares of the company’s stock valued at $8,142,000 after acquiring an additional 10,078 shares in the last quarter. Principal Securities Inc. bought a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at approximately $380,000. Finally, Kestra Advisory Services LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 42,759 shares of the company’s stock valued at $1,701,000 after acquiring an additional 275 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Trading Up 0.2 %

FDRR stock opened at $47.38 on Wednesday. The stock’s 50 day simple moving average is $45.80 and its 200 day simple moving average is $44.31. The stock has a market capitalization of $540.08 million, a PE ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 12-month low of $38.14 and a 12-month high of $47.56.

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.