CX Institutional Has $42,000 Holdings in Fidelity Dividend ETF for Rising Rates $FDRR

CX Institutional lifted its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 32.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 772 shares of the company’s stock after purchasing an additional 189 shares during the quarter. CX Institutional’s holdings in Fidelity Dividend ETF for Rising Rates were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FDRR. Dentgroup LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the second quarter valued at $232,000. Creative Financial Designs Inc. ADV increased its holdings in Fidelity Dividend ETF for Rising Rates by 16.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 7,065 shares of the company’s stock valued at $353,000 after purchasing an additional 1,007 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $424,000. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Dividend ETF for Rising Rates by 4.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,944 shares of the company’s stock valued at $447,000 after purchasing an additional 340 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in Fidelity Dividend ETF for Rising Rates by 6.5% in the first quarter. Avantax Advisory Services Inc. now owns 9,763 shares of the company’s stock valued at $488,000 after purchasing an additional 596 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Down 0.5%

NYSEARCA FDRR opened at $57.91 on Friday. The company has a market capitalization of $613.85 million, a price-to-earnings ratio of 17.77 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a twelve month low of $43.06 and a twelve month high of $58.89. The stock has a fifty day simple moving average of $56.84 and a 200 day simple moving average of $52.90.

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.