Flagship Wealth Advisors LLC Purchases New Shares in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Flagship Wealth Advisors LLC acquired a new position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 42,664 shares of the company’s stock, valued at approximately $2,192,000. Fidelity Dividend ETF for Rising Rates accounts for approximately 1.3% of Flagship Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Flagship Wealth Advisors LLC owned approximately 0.37% of Fidelity Dividend ETF for Rising Rates as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDRR. AdvisorNet Financial Inc increased its position in Fidelity Dividend ETF for Rising Rates by 46.0% in the fourth quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $75,000 after purchasing an additional 461 shares during the period. Darwin Wealth Management LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the third quarter worth about $88,000. Wealthfront Advisers LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter worth about $221,000. Next Level Wealth Planning LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter worth about $228,000. Finally, MFA Wealth Services acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter worth about $246,000.

Fidelity Dividend ETF for Rising Rates Trading Up 2.1 %

Fidelity Dividend ETF for Rising Rates stock opened at $50.71 on Monday. The firm has a market capitalization of $540.06 million, a P/E ratio of 21.30 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a 1 year low of $44.19 and a 1 year high of $54.08. The business has a 50-day moving average of $52.23 and a 200-day moving average of $52.05.

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.