Fidelity Dividend ETF for Rising Rates
FDRR
85 hedge funds and large institutions have $138M invested in Fidelity Dividend ETF for Rising Rates in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 35 reducing their positions, and 10 closing their positions.
2.64% less ownership
Funds ownership: 28.86% → 26.23% (-2.6%)
7% less funds holding
Funds holding: 91 → 85 (-6)
14% less capital invested
Capital invested by funds: $161M → $138M (-$23.3M)
34% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 35
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$17.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$3.11M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.76M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$1.55M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$513K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$23M |
| 2 |
Jane Street
New York
|
-$13.2M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$2.48M |
| 4 |
MWM
Mascoma Wealth Management
Hanover,
New Hampshire
|
-$1.87M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.31M |
FDRR Hedge Fund Activity: Q2 2023 in Review
85 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Fidelity Dividend ETF for Rising Rates (FDRR) for Q2 2023, worth a combined $138M — down 14% from $161M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FDRR and 5 opened new positions — a net loss of 5 holders — while 35 trimmed existing stakes and 23 added.
The largest buyer was EP Wealth Advisors, opening a new position worth an estimated $17.5M. The largest seller was Ameritas Advisory Services, exiting entirely with an estimated $23M sold.
- 85 institutional investors held Fidelity Dividend ETF for Rising Rates (FDRR) as of Q2 2023, down from 91 in Q1 2023.
- Funds reported $138M of Fidelity Dividend ETF for Rising Rates stock for Q2 2023, down 14% quarter-over-quarter.
- 5 funds opened new Fidelity Dividend ETF for Rising Rates positions in Q2 2023 and 10 closed out, a net change of -5 holders.
- The largest Fidelity Dividend ETF for Rising Rates buyer in Q2 2023 was EP Wealth Advisors, an estimated $17.5M added.
- The largest Fidelity Dividend ETF for Rising Rates seller in Q2 2023 was Ameritas Advisory Services, an estimated $23M sold.
Based on aggregated 13F filings for Q2 2023.