Mascoma Wealth Management LLC trimmed its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report) by 24.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,692 shares of the company’s stock after selling 2,441 shares during the period. Mascoma Wealth Management LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $395,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 46.0% in the fourth quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $75,000 after buying an additional 461 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the third quarter worth approximately $88,000. Wealthfront Advisers LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter worth approximately $221,000. Next Level Wealth Planning LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter worth approximately $228,000. Finally, MFA Wealth Services bought a new position in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter worth approximately $246,000.
Fidelity Dividend ETF for Rising Rates Trading Down 0.0 %
FDRR stock opened at $50.36 on Thursday. The company’s 50 day moving average is $52.29 and its 200 day moving average is $52.05. The stock has a market cap of $536.33 million, a price-to-earnings ratio of 21.30 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a 1-year low of $44.19 and a 1-year high of $54.08.
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.
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Want to see what other hedge funds are holding FDRR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Free Report).
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