Wealth Enhancement Advisory Services LLC Invests $292,000 in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,676 shares of the company’s stock, valued at approximately $292,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 5.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 832,245 shares of the company’s stock valued at $42,861,000 after purchasing an additional 42,853 shares during the period. Flow Traders U.S. LLC raised its position in Fidelity Dividend ETF for Rising Rates by 254.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock valued at $2,574,000 after buying an additional 35,872 shares during the last quarter. Jane Street Group LLC lifted its stake in Fidelity Dividend ETF for Rising Rates by 79.8% in the 3rd quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock valued at $2,048,000 after acquiring an additional 17,649 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Fidelity Dividend ETF for Rising Rates by 3.7% during the 2nd 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 last quarter. Finally, FMR LLC grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 16.9% during the 3rd quarter. FMR LLC now owns 67,620 shares of the company’s stock worth $3,482,000 after acquiring an additional 9,759 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Up 0.8 %

NYSEARCA FDRR opened at $52.17 on Friday. Fidelity Dividend ETF for Rising Rates has a 12-month low of $43.31 and a 12-month high of $53.92. The firm’s 50 day moving average is $52.46 and its 200-day moving average is $51.13. The company has a market capitalization of $594.74 million, a PE ratio of 14.66 and a beta of 0.84.

About Fidelity Dividend ETF for Rising Rates

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.