Midwest Financial Network LLC Acquires Shares of 12,688 Fidelity Dividend ETF for Rising Rates $FDRR

Midwest Financial Network LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,688 shares of the company’s stock, valued at approximately $746,000.

A number of other hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 70,725.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock worth $45,292,000 after buying an additional 741,204 shares during the period. LPL Financial LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 30.1% in the 4th quarter. LPL Financial LLC now owns 347,319 shares of the company’s stock valued at $21,193,000 after buying an additional 80,360 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $18,951,000. Bank of America Corp DE grew its position in Fidelity Dividend ETF for Rising Rates by 1.2% in the third quarter. Bank of America Corp DE now owns 231,306 shares of the company’s stock valued at $13,559,000 after acquiring an additional 2,774 shares during the period. Finally, Private Advisor Group LLC grew its position in Fidelity Dividend ETF for Rising Rates by 1.8% in the first quarter. Private Advisor Group LLC now owns 169,275 shares of the company’s stock valued at $9,954,000 after acquiring an additional 2,984 shares during the period.

Fidelity Dividend ETF for Rising Rates Price Performance

Fidelity Dividend ETF for Rising Rates stock opened at $67.80 on Friday. The firm has a market capitalization of $739.02 million, a P/E ratio of 17.77 and a beta of 0.88. The stock has a fifty day moving average price of $66.20 and a two-hundred day moving average price of $63.31. Fidelity Dividend ETF for Rising Rates has a 52-week low of $54.38 and a 52-week high of $68.04.

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.