PKS Advisory Services LLC Buys Shares of 10,808 Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

PKS Advisory Services LLC purchased a new position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the fourth quarter, Holdings Channel reports. The fund purchased 10,808 shares of the company’s stock, valued at approximately $555,000.

A number of other hedge funds also recently made changes to their positions in FDRR. Ameritas Advisory Services LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 18.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 987,768 shares of the company’s stock valued at $50,751,000 after acquiring an additional 155,523 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of Fidelity Dividend ETF for Rising Rates by 0.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 415,926 shares of the company’s stock valued at $21,420,000 after purchasing an additional 1,167 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 2.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 223,225 shares of the company’s stock worth $11,469,000 after acquiring an additional 4,328 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 4.9% during the 4th quarter. LPL Financial LLC now owns 174,960 shares of the company’s stock valued at $8,989,000 after purchasing an additional 8,157 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth $3,752,000.

Fidelity Dividend ETF for Rising Rates Stock Down 0.2 %

Fidelity Dividend ETF for Rising Rates stock opened at $51.24 on Wednesday. The firm has a fifty day simple moving average of $52.18 and a two-hundred day simple moving average of $52.10. Fidelity Dividend ETF for Rising Rates has a twelve month low of $44.19 and a twelve month high of $54.08. The company has a market capitalization of $545.71 million, a PE ratio of 19.11 and a beta of 0.95.

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.