Beck Bode LLC Has $613,000 Stock Position in Fidelity Dividend ETF for Rising Rates $FDRR

Beck Bode LLC reduced its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 31.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,312 shares of the company’s stock after selling 5,145 shares during the quarter. Beck Bode LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of FDRR. CX Institutional increased its holdings 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 worth $42,000 after purchasing an additional 189 shares during the period. Creative Financial Designs Inc. ADV grew its position in Fidelity Dividend ETF for Rising Rates by 2.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 7,255 shares of the company’s stock worth $393,000 after buying an additional 190 shares in the last quarter. Summit X LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 1.5% during the first quarter. Summit X LLC now owns 19,495 shares of the company’s stock valued at $974,000 after acquiring an additional 297 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Dividend ETF for Rising Rates by 4.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,944 shares of the company’s stock valued at $447,000 after acquiring an additional 340 shares during the period. Finally, Stonebridge Financial Planning Group LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 1.9% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 17,970 shares of the company’s stock valued at $974,000 after acquiring an additional 340 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Trading Up 0.4%

Shares of FDRR stock opened at $60.13 on Wednesday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $43.06 and a 12 month high of $60.90. The company has a market capitalization of $637.38 million, a P/E ratio of 17.77 and a beta of 0.91. The stock has a 50 day moving average of $58.72 and a two-hundred day moving average of $55.47.

Fidelity Dividend ETF for Rising Rates Company 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.