Kestra Advisory Services LLC Increases Stock Holdings in Fidelity Dividend ETF for Rising Rates $FDRR

Kestra Advisory Services LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 32.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 66,941 shares of the company’s stock after purchasing an additional 16,217 shares during the quarter. Kestra Advisory Services LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $3,936,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. RCS Financial Planning LLC purchased a new position in Fidelity Dividend ETF for Rising Rates during the first quarter worth $810,000. CWM LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 22.0% in the 4th quarter. CWM LLC now owns 92,308 shares of the company’s stock worth $5,633,000 after acquiring an additional 16,633 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 70,725.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock worth $45,292,000 after acquiring an additional 741,204 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 456.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,393 shares of the company’s stock worth $2,953,000 after purchasing an additional 39,697 shares during the period. Finally, PFG Advisors boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 144.5% during the 4th quarter. PFG Advisors now owns 21,768 shares of the company’s stock worth $1,328,000 after purchasing an additional 12,866 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Up 0.2%

Shares of NYSEARCA:FDRR opened at $67.19 on Friday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $54.38 and a 12 month high of $67.68. The company has a market capitalization of $732.37 million, a price-to-earnings ratio of 17.77 and a beta of 0.88. The firm’s 50-day moving average is $65.68 and its 200 day moving average is $62.88.

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.