Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Shares Sold by Beck Bode LLC

Beck Bode LLC cut its holdings in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,204 shares of the company’s stock after selling 6,154 shares during the period. Beck Bode LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $3,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Element Wealth LLC increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 11.9% in the fourth quarter. Element Wealth LLC now owns 2,599 shares of the company’s stock valued at $114,000 after buying an additional 277 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $134,000. Stewart & Patten Co. LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $216,000. Triumph Capital Management grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 11.5% during the 3rd quarter. Triumph Capital Management now owns 8,985 shares of the company’s stock valued at $357,000 after acquiring an additional 927 shares in the last quarter. Finally, MWA Asset Management purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $407,000.

Fidelity Dividend ETF for Rising Rates Stock Down 1.4 %

Shares of Fidelity Dividend ETF for Rising Rates stock traded down $0.63 on Tuesday, hitting $44.85. 8,683 shares of the company traded hands, compared to its average volume of 22,447. The company has a 50-day moving average price of $45.47 and a 200 day moving average price of $43.56. Fidelity Dividend ETF for Rising Rates has a 12-month low of $38.14 and a 12-month high of $46.61. The company has a market cap of $511.29 million, a PE ratio of 14.16 and a beta of 0.84.

Fidelity Dividend ETF for Rising Rates Company 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.