Stifel Financial Corp Boosts Stock Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Stifel Financial Corp raised its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,142 shares of the company’s stock after acquiring an additional 847 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Fidelity Dividend ETF for Rising Rates worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 0.9% in the second quarter. Raymond James & Associates now owns 39,400 shares of the company’s stock worth $1,901,000 after purchasing an additional 334 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock valued at $4,971,000 after buying an additional 601 shares during the period. Larson Financial Group LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 2nd quarter worth about $60,000. EP Wealth Advisors LLC increased its position in shares of Fidelity Dividend ETF for Rising Rates by 3.7% during the second quarter. EP Wealth Advisors LLC now owns 414,759 shares of the company’s stock worth $20,012,000 after acquiring an additional 14,805 shares during the period. Finally, Truist Financial Corp raised its stake 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 valued at $272,000 after acquiring an additional 1,103 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of NYSEARCA FDRR opened at $52.30 on Thursday. The stock has a 50 day moving average price of $52.71 and a 200 day moving average price of $50.76. The firm has a market capitalization of $596.22 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 $43.17 and a 52-week high of $53.92.

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.