Atria Wealth Solutions Inc. Sells 850 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Atria Wealth Solutions Inc. lowered its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRRFree Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,929 shares of the company’s stock after selling 850 shares during the quarter. Atria Wealth Solutions Inc. owned 0.56% of Fidelity Dividend ETF for Rising Rates worth $2,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDRR. Raymond James & Associates increased its position in Fidelity Dividend ETF for Rising Rates by 10.0% during the first quarter. Raymond James & Associates now owns 89,733 shares of the company’s stock valued at $3,995,000 after acquiring an additional 8,154 shares during the last quarter. Cetera Investment Advisers bought a new position in Fidelity Dividend ETF for Rising Rates during the 1st quarter valued at about $296,000. UBS Group AG raised its position in Fidelity Dividend ETF for Rising Rates by 50.1% in the 1st quarter. UBS Group AG now owns 101,254 shares of the company’s stock worth $4,508,000 after purchasing an additional 33,778 shares during the period. Royal Bank of Canada lifted its stake in Fidelity Dividend ETF for Rising Rates by 13,136.6% in the first quarter. Royal Bank of Canada now owns 65,124 shares of the company’s stock worth $2,899,000 after purchasing an additional 64,632 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 1.9% during the first quarter. Lido Advisors LLC now owns 82,774 shares of the company’s stock valued at $3,685,000 after buying an additional 1,508 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

FDRR opened at $44.44 on Friday. The stock’s 50 day moving average price is $43.76 and its 200-day moving average price is $41.91. Fidelity Dividend ETF for Rising Rates has a one year low of $38.14 and a one year high of $44.77. The stock has a market cap of $566.61 million, a price-to-earnings ratio of 13.48 and a beta of 0.95.

About Fidelity Dividend ETF for Rising Rates

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

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