Snider Financial Group Invests $356,000 in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Snider Financial Group purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 6,932 shares of the company’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 18.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 987,768 shares of the company’s stock valued at $50,751,000 after buying an additional 155,523 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 0.3% during the third quarter. EP Wealth Advisors LLC now owns 415,926 shares of the company’s stock valued at $21,420,000 after buying an additional 1,167 shares during the last quarter. FMR LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 16.9% in the 3rd quarter. FMR LLC now owns 67,620 shares of the company’s stock worth $3,482,000 after acquiring an additional 9,759 shares during the last quarter. Flow Traders U.S. LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 254.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock valued at $2,574,000 after acquiring an additional 35,872 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 79.8% in the 3rd quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock valued at $2,048,000 after acquiring an additional 17,649 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Trading Down 1.1 %

Fidelity Dividend ETF for Rising Rates stock opened at $51.39 on Wednesday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $44.19 and a 12 month high of $54.08. The stock has a fifty day simple moving average of $52.37 and a two-hundred day simple moving average of $52.03. The firm has a market cap of $547.30 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.