Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Position Reduced by Beck Bode LLC

Beck Bode LLC lowered its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 31.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,415 shares of the company’s stock after selling 9,864 shares during the period. Beck Bode LLC owned 0.19% of Fidelity Dividend ETF for Rising Rates worth $1,100,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Ameritas Advisory Services LLC increased 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 valued at $50,751,000 after purchasing an additional 155,523 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 2.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 223,225 shares of the company’s stock valued at $11,469,000 after buying an additional 4,328 shares during the period. LPL Financial LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 4.9% during the 4th quarter. LPL Financial LLC now owns 174,960 shares of the company’s stock valued at $8,989,000 after buying an additional 8,157 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity Dividend ETF for Rising Rates during the fourth quarter worth about $3,752,000. Finally, NewEdge Advisors LLC raised its stake in Fidelity Dividend ETF for Rising Rates by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 68,988 shares of the company’s stock worth $3,545,000 after acquiring an additional 795 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Up 1.7 %

Shares of FDRR stock opened at $49.61 on Friday. The business has a 50 day moving average of $49.16 and a two-hundred day moving average of $51.37. The company has a market cap of $528.35 million, a P/E ratio of 17.76 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a 52 week low of $43.06 and a 52 week high of $54.08.

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.