Atria Wealth Solutions Inc. Lowers Stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Atria Wealth Solutions Inc. trimmed its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59,848 shares of the company’s stock after selling 715 shares during the period. Atria Wealth Solutions Inc.’s holdings in Fidelity Dividend ETF for Rising Rates were worth $3,075,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Next Level Wealth Planning LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at approximately $228,000. Gladstone Institutional Advisory LLC grew its position in Fidelity Dividend ETF for Rising Rates by 4.5% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 16,502 shares of the company’s stock valued at $848,000 after buying an additional 714 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in Fidelity Dividend ETF for Rising Rates by 19.5% in the 4th quarter. Brown Lisle Cummings Inc. now owns 10,400 shares of the company’s stock valued at $534,000 after buying an additional 1,700 shares during the period. MFA Wealth Services purchased a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter worth $246,000. Finally, Ameritas Advisory Services LLC lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 18.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 987,768 shares of the company’s stock worth $50,751,000 after acquiring an additional 155,523 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Down 1.3 %

Shares of NYSEARCA:FDRR opened at $53.20 on Friday. The company has a market cap of $606.48 million, a price-to-earnings ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a fifty-two week low of $44.19 and a fifty-two week high of $54.08. The firm’s 50-day simple moving average is $52.30 and its 200-day simple moving average is $51.73.

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.