Geneos Wealth Management Inc. Sells 350 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Geneos Wealth Management Inc. reduced its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 17.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,600 shares of the company’s stock after selling 350 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Fidelity Dividend ETF for Rising Rates were worth $70,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FDRR. Raymond James & Associates grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 10.0% in the 1st quarter. Raymond James & Associates now owns 89,733 shares of the company’s stock valued at $3,995,000 after purchasing an additional 8,154 shares during the period. Cetera Investment Advisers bought a new stake in Fidelity Dividend ETF for Rising Rates during the 1st quarter worth approximately $296,000. UBS Group AG grew its position in Fidelity Dividend ETF for Rising Rates by 50.1% during the 1st quarter. UBS Group AG now owns 101,254 shares of the company’s stock worth $4,508,000 after acquiring an additional 33,778 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Fidelity Dividend ETF for Rising Rates during the 1st quarter worth approximately $3,262,000. Finally, Royal Bank of Canada grew its position in Fidelity Dividend ETF for Rising Rates by 13,136.6% during the 1st quarter. Royal Bank of Canada now owns 65,124 shares of the company’s stock worth $2,899,000 after acquiring an additional 64,632 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

NYSEARCA FDRR opened at $44.50 on Wednesday. The firm has a market cap of $567.38 million, a PE ratio of 13.48 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a one year low of $38.14 and a one year high of $46.61. The stock’s 50 day simple moving average is $45.37 and its 200 day simple moving average is $43.19.

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.