Citadel Advisors LLC Acquires 20,466 Shares of Fidelity Dividend ETF for Rising Rates $FDRR

Citadel Advisors LLC increased its holdings in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 93.1% during the second quarter, Holdings Channel.com reports. The firm owned 42,450 shares of the company’s stock after buying an additional 20,466 shares during the period. Citadel Advisors LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $2,754,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FDRR. O Shaughnessy Asset Management LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the fourth quarter worth $25,000. Birchwood Financial Partners Inc. purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at $26,000. Fifth Third Bancorp purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter valued at $53,000. MWA Asset Management bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter worth $54,000. Finally, SHP Wealth Management bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth $61,000.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA FDRR opened at $69.67 on Wednesday. Fidelity Dividend ETF for Rising Rates has a 1-year low of $57.18 and a 1-year high of $70.70. The business has a fifty day moving average price of $68.29 and a 200 day moving average price of $64.78. The stock has a market capitalization of $759.40 million, a P/E ratio of 17.77 and a beta of 0.88.

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