CX Institutional Makes New $29,000 Investment in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

CX Institutional acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 583 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds have also bought and sold shares of the stock. Creative Financial Designs Inc. ADV lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 5.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,058 shares of the company’s stock valued at $311,000 after buying an additional 319 shares in the last quarter. Stifel Financial Corp increased its stake in Fidelity Dividend ETF for Rising Rates by 2.8% during the fourth quarter. Stifel Financial Corp now owns 12,477 shares of the company’s stock worth $641,000 after acquiring an additional 335 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 68,988 shares of the company’s stock valued at $3,545,000 after buying an additional 795 shares during the period. Wells Fargo & Company MN raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 570.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,167 shares of the company’s stock valued at $60,000 after acquiring an additional 993 shares during the period. Finally, Sigma Planning Corp lifted its stake in Fidelity Dividend ETF for Rising Rates by 23.8% in the fourth quarter. Sigma Planning Corp now owns 8,373 shares of the company’s stock worth $430,000 after purchasing an additional 1,607 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Down 0.7%

Shares of Fidelity Dividend ETF for Rising Rates stock opened at $52.47 on Wednesday. The stock’s fifty day moving average is $50.04 and its two-hundred day moving average is $51.09. The company has a market capitalization of $558.81 million, a PE ratio of 18.57 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a 52 week low of $43.06 and a 52 week high of $54.08.

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.