PFG Advisors Acquires Shares of 8,902 Fidelity Dividend ETF for Rising Rates $FDRR

PFG Advisors bought a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the third quarter, Holdings Channel.com reports. The firm bought 8,902 shares of the company’s stock, valued at approximately $522,000.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 2.6% in the 2nd quarter. Bank of America Corp DE now owns 228,532 shares of the company’s stock valued at $12,393,000 after purchasing an additional 5,796 shares during the period. Charter Capital Management LLC DE grew its stake in Fidelity Dividend ETF for Rising Rates by 1.5% in the third quarter. Charter Capital Management LLC DE now owns 134,748 shares of the company’s stock worth $7,899,000 after purchasing an additional 2,034 shares during the period. Osaic Holdings Inc. raised its holdings in Fidelity Dividend ETF for Rising Rates by 8.7% in the second quarter. Osaic Holdings Inc. now owns 122,308 shares of the company’s stock worth $6,634,000 after purchasing an additional 9,747 shares in the last quarter. Geneva Partners LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 2.2% in the third quarter. Geneva Partners LLC now owns 89,103 shares of the company’s stock worth $5,223,000 after purchasing an additional 1,940 shares in the last quarter. Finally, CWM LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 31.3% during the third quarter. CWM LLC now owns 75,675 shares of the company’s stock valued at $4,436,000 after buying an additional 18,054 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Down 1.1%

Shares of FDRR stock opened at $60.07 on Friday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $43.06 and a 12 month high of $63.34. The stock has a market cap of $654.76 million, a PE ratio of 17.77 and a beta of 0.91. The company’s fifty day moving average price is $61.78 and its 200-day moving average price is $60.22.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.