Creative Financial Designs Inc. ADV Boosts Stock Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Creative Financial Designs Inc. ADV boosted its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 16.6% during the 1st quarter, Holdings Channel reports. The firm owned 7,065 shares of the company’s stock after acquiring an additional 1,007 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Fidelity Dividend ETF for Rising Rates were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $3,752,000. Flagship Wealth Advisors LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $2,192,000. GAMMA Investing LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 4,895.0% in the first quarter. GAMMA Investing LLC now owns 20,130 shares of the company’s stock valued at $1,005,000 after buying an additional 19,727 shares during the period. Sykon Capital LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $695,000. Finally, PKS Advisory Services LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $555,000.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of FDRR opened at $53.90 on Friday. The firm has a market cap of $568.65 million, a PE ratio of 18.57 and a beta of 0.95. The stock’s fifty day moving average price is $50.99 and its two-hundred day moving average price is $51.08. Fidelity Dividend ETF for Rising Rates has a 1 year low of $43.06 and a 1 year high of $54.12.

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.