MFA Wealth Services Invests $246,000 in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

MFA Wealth Services purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,795 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC raised its stake 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 worth $50,751,000 after purchasing an additional 155,523 shares during the period. AdvisorNet Financial Inc raised its position in shares of Fidelity Dividend ETF for Rising Rates by 46.0% during the 4th quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock valued at $75,000 after buying an additional 461 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at approximately $292,000. EP Wealth Advisors LLC lifted its holdings in Fidelity Dividend ETF for Rising Rates by 0.3% in the third quarter. EP Wealth Advisors LLC now owns 415,926 shares of the company’s stock valued at $21,420,000 after acquiring an additional 1,167 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Fidelity Dividend ETF for Rising Rates by 79.8% in the third quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock worth $2,048,000 after acquiring an additional 17,649 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Up 0.6 %

NYSEARCA:FDRR opened at $53.10 on Friday. Fidelity Dividend ETF for Rising Rates has a 52 week low of $43.67 and a 52 week high of $53.92. The stock’s fifty day moving average is $52.43 and its two-hundred day moving average is $51.22. The company has a market capitalization of $605.34 million, a P/E ratio of 14.66 and a beta of 0.84.

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.