Avantax Advisory Services Inc. Cuts Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Avantax Advisory Services Inc. decreased its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,167 shares of the company’s stock after selling 1,811 shares during the period. Avantax Advisory Services Inc. owned approximately 0.08% of Fidelity Dividend ETF for Rising Rates worth $471,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FDRR. AdvisorNet Financial Inc grew its holdings in 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 valued at $75,000 after purchasing an additional 461 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at about $221,000. Next Level Wealth Planning LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at about $228,000. MFA Wealth Services purchased a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at about $246,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Fidelity Dividend ETF for Rising Rates during the fourth quarter worth about $292,000.

Fidelity Dividend ETF for Rising Rates Price Performance

FDRR stock opened at $50.61 on Monday. The company’s 50 day simple moving average is $52.17 and its 200-day simple moving average is $52.07. Fidelity Dividend ETF for Rising Rates has a 12 month low of $44.19 and a 12 month high of $54.08. The firm has a market capitalization of $539.00 million, a PE ratio of 19.11 and a beta of 0.95.

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.