Raymond James Financial Inc. purchased a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 73,016 shares of the company’s stock, valued at approximately $3,752,000.
Several other institutional investors also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 46.0% in 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 in the last quarter. Next Level Wealth Planning LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth about $228,000. MFA Wealth Services bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $246,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at about $292,000. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 101.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,696 shares of the company’s stock worth $344,000 after purchasing an additional 3,380 shares during the last quarter.
Fidelity Dividend ETF for Rising Rates Price Performance
FDRR opened at $50.81 on Thursday. The business has a 50 day simple moving average of $52.16 and a two-hundred day simple moving average of $52.09. The firm has a market capitalization of $541.13 million, a price-to-earnings ratio of 19.11 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.
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