Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 59,848 shares of the company’s stock after selling 715 shares during the quarter. Atria Wealth Solutions Inc. owned about 0.52% of Fidelity Dividend ETF for Rising Rates worth $3,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FDRR. Next Level Wealth Planning LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at $228,000. Gladstone Institutional Advisory LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 4.5% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 16,502 shares of the company’s stock valued at $848,000 after acquiring an additional 714 shares in the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 19.5% during the fourth quarter. Brown Lisle Cummings Inc. now owns 10,400 shares of the company’s stock worth $534,000 after purchasing an additional 1,700 shares during the last quarter. MFA Wealth Services acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter worth about $246,000. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 18.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 987,768 shares of the company’s stock valued at $50,751,000 after purchasing an additional 155,523 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Down 1.3 %

Shares of NYSEARCA FDRR opened at $53.20 on Friday. The business has a 50-day moving average price of $52.30 and a 200 day moving average price of $51.73. The stock has a market cap of $606.48 million, a PE ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 52-week low of $44.19 and a 52-week high of $54.08.

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.