Wealthfront Advisers LLC Invests $221,000 in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Wealthfront Advisers LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the 4th quarter, Holdings Channel reports. The fund acquired 4,307 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors have also modified their holdings of FDRR. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth approximately $88,000. FMR LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 16.9% during the 3rd quarter. FMR LLC now owns 67,620 shares of the company’s stock worth $3,482,000 after buying an additional 9,759 shares during the last quarter. Flow Traders U.S. LLC lifted 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 worth $2,574,000 after buying an additional 35,872 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 7.5% during the 3rd quarter. Stifel Financial Corp now owns 12,142 shares of the company’s stock worth $625,000 after buying an additional 847 shares during the last quarter. Finally, Jane Street Group LLC lifted 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 worth $2,048,000 after buying an additional 17,649 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

FDRR stock opened at $51.09 on Tuesday. The company has a fifty day moving average price of $52.21 and a 200 day moving average price of $52.06. Fidelity Dividend ETF for Rising Rates has a 12 month low of $44.19 and a 12 month high of $54.08. The company has a market cap of $544.11 million, a price-to-earnings ratio of 21.30 and a beta of 0.95.

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.