J.W. Cole Advisors Inc. Trims Stock Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

J.W. Cole Advisors Inc. cut its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,299 shares of the company’s stock after selling 506 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.13% of Fidelity Dividend ETF for Rising Rates worth $716,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FDRR. Silver Oak Securities Incorporated purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 3rd quarter valued at approximately $134,000. Stewart & Patten Co. LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at approximately $216,000. Triumph Capital Management raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 11.5% in the 3rd quarter. Triumph Capital Management now owns 8,985 shares of the company’s stock valued at $357,000 after acquiring an additional 927 shares during the period. MWA Asset Management purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 3rd quarter valued at approximately $407,000. Finally, Kestra Advisory Services LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 0.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 42,759 shares of the company’s stock valued at $1,701,000 after acquiring an additional 275 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

Fidelity Dividend ETF for Rising Rates stock opened at $44.72 on Tuesday. The company’s 50 day simple moving average is $45.37 and its 200-day simple moving average is $43.34. The company has a market capitalization of $509.81 million, a price-to-earnings ratio of 14.16 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 1 year low of $38.14 and a 1 year high of $46.61.

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.