Jane Street Group LLC Has $2.05 Million Stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Jane Street Group LLC lifted its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 79.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,761 shares of the company’s stock after purchasing an additional 17,649 shares during the period. Jane Street Group LLC owned 0.35% of Fidelity Dividend ETF for Rising Rates worth $2,048,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates grew its position in 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 valued at $1,901,000 after acquiring an additional 334 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock valued at $4,971,000 after acquiring an additional 601 shares during the period. Larson Financial Group LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates during the second quarter worth about $60,000. EP Wealth Advisors LLC grew its stake 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 buying an additional 14,805 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Fidelity Dividend ETF for Rising Rates by 24.4% during the 2nd quarter. Truist Financial Corp now owns 5,631 shares of the company’s stock worth $272,000 after buying an additional 1,103 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of FDRR opened at $52.30 on Wednesday. The business’s 50 day moving average price is $52.71 and its two-hundred day moving average price is $50.73. 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 has a 52-week low of $43.17 and a 52-week high of $53.92.

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.