Western Wealth Management LLC Trims Position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Western Wealth Management LLC lessened its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,928 shares of the company’s stock after selling 2,160 shares during the period. Western Wealth Management LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 12.2% during the 3rd quarter. LPL Financial LLC now owns 145,523 shares of the company’s stock worth $5,787,000 after acquiring an additional 15,852 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Fidelity Dividend ETF for Rising Rates by 1.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 103,823 shares of the company’s stock worth $4,129,000 after acquiring an additional 1,712 shares in the last quarter. Geneva Partners LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 13.4% during the 3rd quarter. Geneva Partners LLC now owns 98,385 shares of the company’s stock worth $3,913,000 after acquiring an additional 11,622 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 0.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 42,759 shares of the company’s stock worth $1,701,000 after acquiring an additional 275 shares in the last quarter. Finally, MWA Asset Management bought a new position in Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth about $407,000.

Fidelity Dividend ETF for Rising Rates Price Performance

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

Fidelity Dividend ETF for Rising Rates 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.