Private Advisor Group LLC Decreases Stock Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Private Advisor Group LLC lowered its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,740 shares of the company’s stock after selling 17,224 shares during the period. Private Advisor Group LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $9,132,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FDRR. Ameritas Advisory Services LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 18.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 987,768 shares of the company’s stock worth $50,751,000 after purchasing an additional 155,523 shares during the period. EP Wealth Advisors LLC raised its position in Fidelity Dividend ETF for Rising Rates by 0.3% in the third quarter. EP Wealth Advisors LLC now owns 415,926 shares of the company’s stock worth $21,420,000 after acquiring an additional 1,167 shares during the period. FMR LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 16.9% in the third quarter. FMR LLC now owns 67,620 shares of the company’s stock valued at $3,482,000 after acquiring an additional 9,759 shares during the last quarter. Flow Traders U.S. LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 254.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock valued at $2,574,000 after acquiring an additional 35,872 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 79.8% during the 3rd quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock valued at $2,048,000 after acquiring an additional 17,649 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Down 0.1 %

NYSEARCA:FDRR opened at $53.91 on Friday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $43.94 and a 12 month high of $54.08. The firm’s 50 day moving average is $52.28 and its 200 day moving average is $51.72. The stock has a market capitalization of $614.57 million, a PE ratio of 14.66 and a beta of 0.84.

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.