Cullen Frost Bankers Inc. Purchases 3,380 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Cullen Frost Bankers Inc. increased its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 101.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,696 shares of the company’s stock after buying an additional 3,380 shares during the quarter. Cullen Frost Bankers Inc. owned 0.06% of Fidelity Dividend ETF for Rising Rates worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FDRR. AdvisorNet Financial Inc increased its stake in Fidelity Dividend ETF for Rising Rates by 46.0% in the 4th 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 purchased a new position in Fidelity Dividend ETF for Rising Rates in the 3rd quarter worth approximately $88,000. Next Level Wealth Planning LLC purchased a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth approximately $228,000. MFA Wealth Services purchased a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth approximately $246,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth approximately $292,000.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of Fidelity Dividend ETF for Rising Rates stock opened at $52.06 on Friday. The business’s 50 day simple moving average is $52.34 and its two-hundred day simple moving average is $52.05. The stock has a market capitalization of $554.44 million, a P/E ratio of 21.30 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a one year low of $44.19 and a one year high of $54.08.

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.