Private Advisor Group LLC Buys 1,870 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Private Advisor Group LLC grew its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 194,964 shares of the company’s stock after purchasing an additional 1,870 shares during the period. Private Advisor Group LLC owned about 1.71% of Fidelity Dividend ETF for Rising Rates worth $10,041,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the second quarter worth about $60,000. CWM LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 9.8% during the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock valued at $183,000 after purchasing an additional 340 shares in the last quarter. Csenge Advisory Group bought a new position in Fidelity Dividend ETF for Rising Rates in the 2nd quarter valued at $209,000. Tidal Investments LLC acquired a new position in Fidelity Dividend ETF for Rising Rates in the first quarter worth $228,000. Finally, Truist Financial Corp grew its holdings in shares of 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 worth $272,000 after purchasing an additional 1,103 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of NYSEARCA:FDRR opened at $52.30 on Friday. The business has a fifty day moving average of $51.07 and a 200-day moving average of $48.76. Fidelity Dividend ETF for Rising Rates has a twelve month low of $38.14 and a twelve month high of $53.14. The firm has a market cap of $596.22 million, a PE ratio of 14.66 and a beta of 0.84.

Fidelity Dividend ETF for Rising Rates 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.