Gladstone Institutional Advisory LLC Increases Stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Gladstone Institutional Advisory LLC grew its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,502 shares of the company’s stock after acquiring an additional 714 shares during the period. Gladstone Institutional Advisory LLC owned 0.14% of Fidelity Dividend ETF for Rising Rates worth $848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FDRR. AdvisorNet Financial Inc lifted its position in Fidelity Dividend ETF for Rising Rates by 46.0% during the fourth quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock valued at $75,000 after purchasing an additional 461 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates in the third quarter worth about $88,000. MFA Wealth Services bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter worth about $246,000. Truist Financial Corp lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 24.4% during the 2nd quarter. Truist Financial Corp now owns 5,631 shares of the company’s stock valued at $272,000 after buying an additional 1,103 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 43.3% during the 3rd quarter. CWM LLC now owns 5,449 shares of the company’s stock valued at $281,000 after acquiring an additional 1,647 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Up 0.7 %

NYSEARCA FDRR opened at $53.42 on Friday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $43.94 and a 12 month high of $53.92. The stock has a market cap of $608.99 million, a price-to-earnings ratio of 14.66 and a beta of 0.84. The company’s 50 day moving average is $52.25 and its two-hundred day moving average is $51.55.

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.