FedEx is trading higher today, supported by a wave of institutional interest following recent 13F filings. Multiple firms, including Bank of New York Mellon Corp which acquired a stake of 1,491,211 shares, disclosed new positions in the company overnight. This positive sentiment is further bolstered by the broader industrial sector's upward momentum and the company's recent declaration of a $1.22 per share quarterly dividend. While reports surfaced overnight regarding UPS eliminating 2 million daily Amazon packages, the market appears to be viewing the competitive landscape favorably for FedEx given its recent volume growth.