HBW Advisory Services LLC Trims Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

HBW Advisory Services LLC trimmed its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,124 shares of the company’s stock after selling 418 shares during the quarter. HBW Advisory Services LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 4.4% during the 1st quarter. EP Wealth Advisors LLC now owns 399,954 shares of the company’s stock valued at $18,618,000 after buying an additional 16,745 shares in the last quarter. Private Advisor Group LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 4.3% during the 1st quarter. Private Advisor Group LLC now owns 193,492 shares of the company’s stock valued at $9,007,000 after buying an additional 8,060 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the 1st quarter valued at approximately $3,042,000. Lincoln National Corp grew its holdings in Fidelity Dividend ETF for Rising Rates by 27.7% during the 4th quarter. Lincoln National Corp now owns 25,579 shares of the company’s stock valued at $1,123,000 after buying an additional 5,546 shares in the last quarter. Finally, Summit X LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 12.4% during the 4th quarter. Summit X LLC now owns 23,549 shares of the company’s stock valued at $1,034,000 after buying an additional 2,603 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Performance

FDRR traded up $0.44 during trading on Tuesday, reaching $46.96. 26,515 shares of the company traded hands, compared to its average volume of 20,486. Fidelity Dividend ETF for Rising Rates has a 12-month low of $38.14 and a 12-month high of $50.41. The firm has a fifty day simple moving average of $48.64 and a 200 day simple moving average of $46.56. The company has a market cap of $535.34 million, a P/E ratio of 14.66 and a beta of 0.84.

About Fidelity Dividend ETF for Rising Rates

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.