RCS Financial Planning LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 13,782 shares of the company’s stock, valued at approximately $810,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter worth about $25,000. Birchwood Financial Partners Inc. bought a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth approximately $49,000. SHP Wealth Management purchased a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth approximately $61,000. Finally, Wells Fargo & Company MN grew its position in shares of Fidelity Dividend ETF for Rising Rates by 990.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,101 shares of the company’s stock worth $67,000 after buying an additional 1,000 shares during the last quarter.
Fidelity Dividend ETF for Rising Rates Stock Performance
FDRR opened at $64.22 on Friday. Fidelity Dividend ETF for Rising Rates has a 52-week low of $53.21 and a 52-week high of $67.68. The stock has a market capitalization of $700.00 million, a PE ratio of 17.77 and a beta of 0.88. The stock’s 50 day moving average price is $64.75 and its 200-day moving average price is $62.37.
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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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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