Fidelity Dividend ETF for Rising Rates $FDRR Shares Newly Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 137,921 shares of the company’s stock, valued at approximately $9,405,000.

Several other large investors also recently made changes to their positions in the business. Next Level Wealth Planning LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates in the 3rd quarter worth approximately $74,000. Landaas & Co. WI ADV acquired a new stake in Fidelity Dividend ETF for Rising Rates during the third quarter valued at approximately $751,000. Park Avenue Securities LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates during the third quarter valued at approximately $745,000. Geneva Partners LLC lifted its stake in Fidelity Dividend ETF for Rising Rates by 6.6% during 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 last quarter. Finally, Sigma Planning Corp bought a new stake in Fidelity Dividend ETF for Rising Rates during the third quarter worth approximately $412,000.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of NYSEARCA:FDRR opened at $67.99 on Friday. The stock has a market capitalization of $761.49 million, a price-to-earnings ratio of 20.10 and a beta of 0.89. Fidelity Dividend ETF for Rising Rates has a 1-year low of $57.18 and a 1-year high of $70.70. The company has a 50 day moving average price of $68.98 and a 200 day moving average price of $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.