Private Advisor Group LLC Has $8.14 Million Stock Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Private Advisor Group LLC lifted its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 5.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 185,432 shares of the company’s stock after purchasing an additional 10,078 shares during the period. Private Advisor Group LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $8,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FDRR. Silver Oak Securities Incorporated acquired a new position in Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $134,000. MWA Asset Management acquired a new position in Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $407,000. Kestra Advisory Services LLC raised its stake in Fidelity Dividend ETF for Rising Rates by 0.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 42,759 shares of the company’s stock valued at $1,701,000 after purchasing an additional 275 shares during the last quarter. Element Wealth LLC raised its stake in Fidelity Dividend ETF for Rising Rates by 11.9% during the 4th quarter. Element Wealth LLC now owns 2,599 shares of the company’s stock valued at $114,000 after purchasing an additional 277 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Fidelity Dividend ETF for Rising Rates by 1.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 103,823 shares of the company’s stock valued at $4,129,000 after purchasing an additional 1,712 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Trading Down 0.3 %

NYSEARCA:FDRR traded down $0.12 during trading hours on Wednesday, hitting $45.85. 7,881 shares of the company traded hands, compared to its average volume of 22,328. The stock has a market capitalization of $522.69 million, a price-to-earnings ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a twelve month low of $38.14 and a twelve month high of $46.61. The firm has a 50-day moving average of $45.51 and a 200 day moving average of $43.76.

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.