Element Wealth LLC Acquires 277 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Element Wealth LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 11.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,599 shares of the company’s stock after purchasing an additional 277 shares during the period. Element Wealth LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $114,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Silver Oak Securities Incorporated acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the third quarter valued at $134,000. Stewart & Patten Co. LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at $216,000. Triumph Capital Management lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 11.5% during the third quarter. Triumph Capital Management now owns 8,985 shares of the company’s stock valued at $357,000 after acquiring an additional 927 shares during the period. MWA Asset Management acquired a new position in Fidelity Dividend ETF for Rising Rates in the third quarter valued at about $407,000. Finally, Kestra Advisory Services LLC lifted its stake in Fidelity Dividend ETF for Rising Rates by 0.6% in the third quarter. Kestra Advisory Services LLC now owns 42,759 shares of the company’s stock valued at $1,701,000 after buying an additional 275 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

NYSEARCA:FDRR traded up $0.44 during mid-day trading on Tuesday, hitting $45.16. The company had a trading volume of 10,197 shares, compared to its average volume of 22,590. The firm has a market cap of $514.82 million, a P/E ratio of 14.16 and a beta of 0.84. The business’s fifty day moving average is $45.37 and its two-hundred day moving average is $43.34. Fidelity Dividend ETF for Rising Rates has a fifty-two week low of $38.14 and a fifty-two week high of $46.61.

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.