Snider Financial Group Buys Shares of 6,932 Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Snider Financial Group purchased a new position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,932 shares of the company’s stock, valued at approximately $356,000. Snider Financial Group owned about 0.06% of Fidelity Dividend ETF for Rising Rates as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 18.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 987,768 shares of the company’s stock worth $50,751,000 after buying an additional 155,523 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 254.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock worth $2,574,000 after acquiring an additional 35,872 shares during the last quarter. Jane Street Group LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 79.8% during the third quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock valued at $2,048,000 after purchasing an additional 17,649 shares during the period. FMR LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 16.9% in the third quarter. FMR LLC now owns 67,620 shares of the company’s stock valued at $3,482,000 after purchasing an additional 9,759 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the fourth quarter worth $292,000.

Fidelity Dividend ETF for Rising Rates Stock Down 1.1 %

Shares of FDRR stock opened at $51.39 on Wednesday. Fidelity Dividend ETF for Rising Rates has a 12-month low of $44.19 and a 12-month high of $54.08. The firm has a fifty day moving average of $52.37 and a 200-day moving average of $52.03. The firm has a market capitalization of $547.30 million, a price-to-earnings ratio of 21.30 and a beta of 0.95.

About Fidelity Dividend ETF for Rising Rates

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.