Cwm LLC Increases Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Cwm LLC grew its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 43.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,449 shares of the company’s stock after purchasing an additional 1,647 shares during the quarter. Cwm LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FDRR. Sugar Maple Asset Management LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter worth about $3,042,000. Ameritas Advisory Services LLC lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 8.8% in the second quarter. Ameritas Advisory Services LLC now owns 789,392 shares of the company’s stock worth $38,088,000 after buying an additional 63,551 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the first quarter valued at approximately $919,000. EP Wealth Advisors LLC increased its position in shares of Fidelity Dividend ETF for Rising Rates by 4.4% during the first quarter. EP Wealth Advisors LLC now owns 399,954 shares of the company’s stock valued at $18,618,000 after acquiring an additional 16,745 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 193,492 shares of the company’s stock worth $9,007,000 after acquiring an additional 8,060 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Down 0.5 %

FDRR opened at $52.63 on Tuesday. Fidelity Dividend ETF for Rising Rates has a twelve month low of $38.14 and a twelve month high of $53.14. The firm has a 50 day moving average price of $50.87 and a 200-day moving average price of $48.66. The stock has a market capitalization of $599.98 million, a price-to-earnings ratio of 14.66 and a beta of 0.84.

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.