Landaas & Co. WI ADV Makes New Investment in Fidelity Dividend ETF for Rising Rates $FDRR

Landaas & Co. WI ADV acquired a new stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 11,008 shares of the company’s stock, valued at approximately $751,000.

A number of other hedge funds have also recently modified their holdings of FDRR. Integrated Wealth Concepts LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 2.4% during the second quarter. Integrated Wealth Concepts LLC now owns 9,538 shares of the company’s stock valued at $619,000 after acquiring an additional 228 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 17.7% during the first quarter. Royal Bank of Canada now owns 2,389 shares of the company’s stock worth $140,000 after purchasing an additional 360 shares during the period. IFP Advisors Inc boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 22.2% during the third quarter. IFP Advisors Inc now owns 2,039 shares of the company’s stock worth $139,000 after purchasing an additional 370 shares during the period. NewEdge Advisors LLC grew 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 worth $5,772,000 after purchasing an additional 533 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the first quarter worth about $53,000.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA:FDRR opened at $68.04 on Tuesday. 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 market cap of $755.24 million, a PE ratio of 17.77 and a beta of 0.88. The stock’s 50-day moving average is $69.24 and its 200 day moving average is $65.28.

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