Next Level Wealth Planning LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,445 shares of the company’s stock, valued at approximately $228,000.
Other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 46.0% during the fourth quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $75,000 after purchasing an additional 461 shares during the period. Darwin Wealth Management LLC bought a new position in Fidelity Dividend ETF for Rising Rates during the third quarter valued at approximately $88,000. MFA Wealth Services bought a new position in Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at approximately $246,000. Truist Financial Corp raised its position in Fidelity Dividend ETF for Rising Rates by 24.4% during the second quarter. Truist Financial Corp now owns 5,631 shares of the company’s stock valued at $272,000 after acquiring an additional 1,103 shares in the last quarter. Finally, CWM LLC raised its position in Fidelity Dividend ETF for Rising Rates by 43.3% during the third quarter. CWM LLC now owns 5,449 shares of the company’s stock valued at $281,000 after acquiring an additional 1,647 shares in the last quarter.
Fidelity Dividend ETF for Rising Rates Stock Performance
Shares of FDRR opened at $53.58 on Friday. The firm has a market cap of $610.81 million, a PE ratio of 14.66 and a beta of 0.84. The firm’s 50 day moving average price is $52.24 and its 200 day moving average price is $51.61. Fidelity Dividend ETF for Rising Rates has a twelve month low of $43.94 and a twelve month high of $53.92.
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.
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