Cullen Frost Bankers Inc. Lowers Stake in Fidelity Dividend ETF for Rising Rates $FDRR

Cullen Frost Bankers Inc. lowered its stake in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 42.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,801 shares of the company’s stock after selling 2,848 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Fidelity Dividend ETF for Rising Rates were worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FDRR. CX Institutional raised 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 buying an additional 189 shares in the last quarter. Dentgroup LLC purchased a new position in Fidelity Dividend ETF for Rising Rates in the 2nd quarter worth $232,000. Creative Financial Designs Inc. ADV raised its position in Fidelity Dividend ETF for Rising Rates by 16.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,065 shares of the company’s stock worth $353,000 after purchasing an additional 1,007 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Dividend ETF for Rising Rates by 4.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,944 shares of the company’s stock worth $447,000 after purchasing an additional 340 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Fidelity Dividend ETF for Rising Rates by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,996 shares of the company’s stock worth $449,000 after purchasing an additional 747 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Up 1.1%

Shares of NYSEARCA:FDRR opened at $59.72 on Friday. The stock has a market cap of $633.03 million, a PE ratio of 17.77 and a beta of 0.95. The company’s fifty day moving average is $58.05 and its 200 day moving average is $54.29. Fidelity Dividend ETF for Rising Rates has a 52 week low of $43.06 and a 52 week high of $59.88.

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.