LJI Wealth Management LLC Sells 500 Shares of Fidelity Dividend ETF for Rising Rates $FDRR

LJI Wealth Management LLC reduced its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,304 shares of the company’s stock after selling 500 shares during the period. LJI Wealth Management LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FDRR. CX Institutional grew its position in shares of Fidelity Dividend ETF for Rising Rates by 32.4% during the 2nd quarter. CX Institutional now owns 772 shares of the company’s stock valued at $42,000 after purchasing an additional 189 shares in the last quarter. Dentgroup LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 2nd quarter valued at $232,000. Creative Financial Designs Inc. ADV grew its position in shares of Fidelity Dividend ETF for Rising Rates by 16.6% during 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. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $447,000 after purchasing an additional 340 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,996 shares of the company’s stock valued at $449,000 after purchasing an additional 747 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

FDRR opened at $59.07 on Friday. Fidelity Dividend ETF for Rising Rates has a one year low of $43.06 and a one year high of $59.53. The company has a fifty day moving average price of $57.99 and a 200-day moving average price of $54.12. The firm has a market capitalization of $626.14 million, a P/E ratio of 17.77 and a beta of 0.95.

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.