Mascoma Wealth Management LLC Sells 3,662 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Mascoma Wealth Management LLC trimmed its stake in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 26.5% during the third quarter, Holdings Channel reports. The fund owned 10,133 shares of the company’s stock after selling 3,662 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $522,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. EP Wealth Advisors LLC increased its position in Fidelity Dividend ETF for Rising Rates by 4.4% in the 1st quarter. EP Wealth Advisors LLC now owns 399,954 shares of the company’s stock worth $18,618,000 after buying an additional 16,745 shares during the period. Sugar Maple Asset Management LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 1st quarter worth approximately $3,042,000. Tidal Investments LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 1st quarter worth approximately $228,000. Cetera Advisors LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 1st quarter worth approximately $919,000. Finally, CWM LLC increased its position in Fidelity Dividend ETF for Rising Rates by 9.8% in the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock worth $183,000 after buying an additional 340 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Down 0.1 %

Shares of NYSEARCA FDRR opened at $53.17 on Tuesday. The business’s 50 day moving average is $51.46 and its two-hundred day moving average is $49.42. The company has a market cap of $606.17 million, a P/E ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 12 month low of $40.11 and a 12 month high of $53.45.

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.