Kestra Advisory Services LLC Buys 21,051 Shares of Fidelity Dividend ETF for Rising Rates $FDRR

Kestra Advisory Services LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 39.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 74,926 shares of the company’s stock after acquiring an additional 21,051 shares during the period. Kestra Advisory Services LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $5,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDRR. Ameritas Advisory Services LLC grew its position in Fidelity Dividend ETF for Rising Rates by 52.3% in the second quarter. Ameritas Advisory Services LLC now owns 1,092,623 shares of the company’s stock valued at $70,889,000 after acquiring an additional 375,226 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the third quarter worth $9,405,000. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 25.3% during the second quarter. Envestnet Asset Management Inc. now owns 130,209 shares of the company’s stock worth $8,448,000 after purchasing an additional 26,281 shares in the last quarter. Geneva Partners LLC boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 6.6% in the third quarter. Geneva Partners LLC now owns 88,371 shares of the company’s stock valued at $6,026,000 after purchasing an additional 5,465 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 0.6% in the second quarter. NewEdge Advisors LLC now owns 88,964 shares of the company’s stock valued at $5,772,000 after purchasing an additional 533 shares during the period.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of FDRR stock opened at $67.99 on Friday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $57.18 and a 12 month high of $70.70. The firm has a market capitalization of $761.49 million, a P/E ratio of 20.10 and a beta of 0.89. The company’s fifty day moving average price is $68.98 and its two-hundred day moving average price is $65.54.

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