Charter Capital Management LLC DE Purchases Shares of 132,714 Fidelity Dividend ETF for Rising Rates $FDRR

Charter Capital Management LLC DE acquired a new position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 132,714 shares of the company’s stock, valued at approximately $7,197,000. Fidelity Dividend ETF for Rising Rates makes up approximately 4.2% of Charter Capital Management LLC DE’s investment portfolio, making the stock its 5th largest position. Charter Capital Management LLC DE owned about 1.26% of Fidelity Dividend ETF for Rising Rates as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CX Institutional purchased a new position in Fidelity Dividend ETF for Rising Rates during the first quarter worth $29,000. Dentgroup LLC acquired a new position in Fidelity Dividend ETF for Rising Rates in the 2nd quarter valued at about $232,000. Creative Financial Designs Inc. ADV lifted its holdings in Fidelity Dividend ETF for Rising Rates by 16.6% in the 1st 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 in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at about $424,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 4.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,944 shares of the company’s stock worth $447,000 after purchasing an additional 340 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA FDRR opened at $58.48 on Wednesday. The company has a 50-day simple moving average of $56.72 and a 200-day simple moving average of $52.81. The company has a market cap of $619.89 million, a PE ratio of 17.77 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a 12 month low of $43.06 and a 12 month high of $58.89.

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.