AdvisorNet Financial Inc Buys 461 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

AdvisorNet Financial Inc increased its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 46.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,464 shares of the company’s stock after purchasing an additional 461 shares during the quarter. AdvisorNet Financial Inc’s holdings in Fidelity Dividend ETF for Rising Rates were worth $75,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EP Wealth Advisors LLC boosted its position in 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 valued at $20,012,000 after acquiring an additional 14,805 shares during the last quarter. Truist Financial Corp boosted its position in 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 during the last quarter. Cetera Investment Advisers boosted its position in Fidelity Dividend ETF for Rising Rates by 3.0% during the second quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock valued at $1,293,000 after acquiring an additional 788 shares during the last quarter. CWM LLC boosted its position in Fidelity Dividend ETF for Rising Rates by 43.3% during the third quarter. CWM LLC now owns 5,449 shares of the company’s stock valued at $281,000 after acquiring an additional 1,647 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Fidelity Dividend ETF for Rising Rates by 1.0% during the third quarter. Private Advisor Group LLC now owns 194,964 shares of the company’s stock valued at $10,041,000 after acquiring an additional 1,870 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Trading Up 0.8 %

Shares of FDRR opened at $52.17 on Friday. The stock has a market capitalization of $594.74 million, a P/E ratio of 14.66 and a beta of 0.84. The firm’s fifty day simple moving average is $52.46 and its two-hundred day simple moving average is $51.15. Fidelity Dividend ETF for Rising Rates has a 12 month low of $43.31 and a 12 month 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.