Fidelity Dividend ETF for Rising Rates $FDRR Shares Bought by Cwm LLC

Cwm LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 92,308 shares of the company’s stock after purchasing an additional 16,633 shares during the quarter. Cwm LLC owned 0.85% of Fidelity Dividend ETF for Rising Rates worth $5,633,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $49,000. Cornerstone Planning Group LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $49,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $79,000. CX Institutional increased its position in shares of Fidelity Dividend ETF for Rising Rates by 79.5% during the 3rd quarter. CX Institutional now owns 1,386 shares of the company’s stock valued at $81,000 after purchasing an additional 614 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 2nd quarter valued at $94,000.

Fidelity Dividend ETF for Rising Rates Stock Down 0.9%

FDRR opened at $62.62 on Wednesday. The firm has a market cap of $682.56 million, a PE ratio of 17.77 and a beta of 0.88. The business has a fifty day simple moving average of $60.78 and a 200-day simple moving average of $60.66. Fidelity Dividend ETF for Rising Rates has a fifty-two week low of $46.10 and a fifty-two week high of $63.49.

Fidelity Dividend ETF for Rising Rates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. This is a boost from Fidelity Dividend ETF for Rising Rates’s previous quarterly dividend of $0.33.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.