Sugar Maple Asset Management LLC Reduces Stock Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Sugar Maple Asset Management LLC decreased its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,987 shares of the company’s stock after selling 2,634 shares during the quarter. Fidelity Dividend ETF for Rising Rates accounts for about 2.9% of Sugar Maple Asset Management LLC’s holdings, making the stock its 11th biggest position. Sugar Maple Asset Management LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $3,347,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FDRR. Raymond James & Associates raised its stake in Fidelity Dividend ETF for Rising Rates by 0.9% in the 2nd quarter. Raymond James & Associates now owns 39,400 shares of the company’s stock valued at $1,901,000 after purchasing an additional 334 shares during the last quarter. CWM LLC increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 9.8% during the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock worth $183,000 after buying an additional 340 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of Fidelity Dividend ETF for Rising Rates by 8.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,739 shares of the company’s stock worth $296,000 after buying an additional 450 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Fidelity Dividend ETF for Rising Rates by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock valued at $4,971,000 after acquiring an additional 601 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Fidelity Dividend ETF for Rising Rates by 3.0% during the second quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock valued at $1,293,000 after acquiring an additional 788 shares during the period.

Fidelity Dividend ETF for Rising Rates Price Performance

Fidelity Dividend ETF for Rising Rates stock opened at $52.27 on Friday. The company has a market cap of $595.82 million, a price-to-earnings ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 12 month low of $41.05 and a 12 month high of $53.45. The stock’s 50-day moving average is $51.71 and its 200-day moving average is $49.60.

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.