Beck Bode LLC Sells 25,708 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Beck Bode LLC lessened its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 36.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,424 shares of the company’s stock after selling 25,708 shares during the quarter. Beck Bode LLC owned approximately 0.39% of Fidelity Dividend ETF for Rising Rates worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock worth $4,971,000 after purchasing an additional 601 shares in the last quarter. CWM LLC lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 9.8% during the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock worth $183,000 after buying an additional 340 shares during the period. Tidal Investments LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the 1st quarter worth approximately $228,000. Raymond James & Associates boosted its stake in Fidelity Dividend ETF for Rising Rates by 0.9% in the 2nd quarter. Raymond James & Associates now owns 39,400 shares of the company’s stock valued at $1,901,000 after buying an additional 334 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in Fidelity Dividend ETF for Rising Rates in the first quarter valued at $919,000.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of NYSEARCA FDRR opened at $51.34 on Friday. Fidelity Dividend ETF for Rising Rates has a 52-week low of $38.14 and a 52-week high of $51.68. The business has a fifty day moving average of $49.69 and a two-hundred day moving average of $47.93. The stock has a market cap of $585.28 million, a PE ratio of 14.66 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.