Fidelity Dividend ETF for Rising Rates $FDRR Shares Newly Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,930 shares of the company’s stock, valued at approximately $745,000. Park Avenue Securities LLC owned 0.10% of Fidelity Dividend ETF for Rising Rates as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 52.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,092,623 shares of the company’s stock valued at $70,889,000 after buying an additional 375,226 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 25.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 130,209 shares of the company’s stock worth $8,448,000 after acquiring an additional 26,281 shares during the period. Geneva Partners LLC boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 6.6% during the 3rd quarter. Geneva Partners LLC now owns 88,371 shares of the company’s stock worth $6,026,000 after acquiring an additional 5,465 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 0.6% during the 2nd quarter. NewEdge Advisors LLC now owns 88,964 shares of the company’s stock worth $5,772,000 after acquiring an additional 533 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 23.9% during the 1st quarter. Cetera Investment Advisers now owns 76,802 shares of the company’s stock worth $4,516,000 after acquiring an additional 14,805 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA:FDRR opened at $69.35 on Thursday. The company’s 50 day simple moving average is $69.21 and its 200 day simple moving average is $65.35. The stock has a market capitalization of $776.72 million, a price-to-earnings ratio of 17.77 and a beta of 0.89. Fidelity Dividend ETF for Rising Rates has a 1 year low of $57.18 and a 1 year high of $70.70.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.