Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Shares Acquired by Geneva Partners LLC

Geneva Partners LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,829 shares of the company’s stock after buying an additional 2,190 shares during the quarter. Fidelity Dividend ETF for Rising Rates makes up about 2.2% of Geneva Partners LLC’s holdings, making the stock its 17th largest position. Geneva Partners LLC owned 0.80% of Fidelity Dividend ETF for Rising Rates worth $4,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 6.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 36,891 shares of the company’s stock valued at $1,843,000 after buying an additional 2,213 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in Fidelity Dividend ETF for Rising Rates by 16.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,065 shares of the company’s stock worth $353,000 after purchasing an additional 1,007 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of Fidelity Dividend ETF for Rising Rates by 6.5% in the 1st quarter. Brown Lisle Cummings Inc. now owns 11,075 shares of the company’s stock worth $553,000 after acquiring an additional 675 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,996 shares of the company’s stock worth $449,000 after acquiring an additional 747 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter worth approximately $29,000.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of FDRR stock opened at $54.70 on Tuesday. Fidelity Dividend ETF for Rising Rates has a 1 year low of $43.06 and a 1 year high of $55.33. The stock has a fifty day moving average of $51.87 and a two-hundred day moving average of $51.16. The firm has a market capitalization of $577.09 million, a PE ratio of 17.77 and a beta of 0.95.

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.