Truist Financial Corp Increases Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Truist Financial Corp boosted its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 24.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,631 shares of the company’s stock after buying an additional 1,103 shares during the period. Truist Financial Corp’s holdings in Fidelity Dividend ETF for Rising Rates were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 193,492 shares of the company’s stock valued at $9,007,000 after acquiring an additional 8,060 shares during the last quarter. EP Wealth Advisors LLC grew its position in Fidelity Dividend ETF for Rising Rates by 4.4% during the 1st quarter. EP Wealth Advisors LLC now owns 399,954 shares of the company’s stock worth $18,618,000 after purchasing an additional 16,745 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 1st quarter valued at about $3,042,000. Tidal Investments LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 1st quarter valued at about $228,000. Finally, Cetera Advisors LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter valued at about $919,000.

Fidelity Dividend ETF for Rising Rates Stock Up 0.3 %

Fidelity Dividend ETF for Rising Rates stock opened at $52.89 on Friday. The business’s 50-day moving average price is $50.78 and its 200 day moving average price is $48.57. The firm has a market cap of $602.95 million, a price-to-earnings ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 52 week low of $38.14 and a 52 week high of $53.14.

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.