Beck Bode LLC Lowers Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Beck Bode LLC reduced its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,204 shares of the company’s stock after selling 6,154 shares during the period. Beck Bode LLC owned approximately 0.64% of Fidelity Dividend ETF for Rising Rates worth $3,566,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Element Wealth LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 11.9% in the 4th quarter. Element Wealth LLC now owns 2,599 shares of the company’s stock valued at $114,000 after purchasing an additional 277 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in Fidelity Dividend ETF for Rising Rates in the 3rd quarter valued at $134,000. Stewart & Patten Co. LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at $216,000. Triumph Capital Management grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 11.5% during the 3rd quarter. Triumph Capital Management now owns 8,985 shares of the company’s stock valued at $357,000 after buying an additional 927 shares during the period. Finally, MWA Asset Management purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at $407,000.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of Fidelity Dividend ETF for Rising Rates stock traded down $0.63 during trading on Tuesday, reaching $44.85. The company had a trading volume of 8,683 shares, compared to its average volume of 22,447. The company has a market cap of $511.29 million, a price-to-earnings ratio of 14.16 and a beta of 0.84. The firm’s fifty day moving average is $45.47 and its 200-day moving average is $43.56. Fidelity Dividend ETF for Rising Rates has a fifty-two week low of $38.14 and a fifty-two week high of $46.61.

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.