Mascoma Wealth Management LLC Lowers Stock Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Mascoma Wealth Management LLC lowered its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 7.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,149 shares of the company’s stock after selling 543 shares during the period. Mascoma Wealth Management LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CX Institutional purchased a new position in Fidelity Dividend ETF for Rising Rates during the first quarter valued at $29,000. GAMMA Investing LLC raised its position in shares of Fidelity Dividend ETF for Rising Rates by 4,895.0% in the 1st quarter. GAMMA Investing LLC now owns 20,130 shares of the company’s stock worth $1,005,000 after purchasing an additional 19,727 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth about $424,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth about $3,752,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Fidelity Dividend ETF for Rising Rates by 5.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,058 shares of the company’s stock worth $311,000 after purchasing an additional 319 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

FDRR opened at $53.90 on Friday. The stock has a 50-day moving average price of $50.99 and a 200-day moving average price of $51.08. The firm has a market cap of $568.65 million, a PE ratio of 18.57 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a 1 year low of $43.06 and a 1 year high of $54.12.

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.