Sugar Maple Asset Management LLC Sells 1,672 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Sugar Maple Asset Management LLC trimmed its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 63,315 shares of the company’s stock after selling 1,672 shares during the quarter. Fidelity Dividend ETF for Rising Rates accounts for 2.5% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. Sugar Maple Asset Management LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $3,253,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FDRR. Creative Financial Designs Inc. ADV boosted its stake in shares of Fidelity Dividend ETF for Rising Rates by 8.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,739 shares of the company’s stock worth $296,000 after purchasing an additional 450 shares during the period. AdvisorNet Financial Inc lifted its stake in 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 purchasing an additional 461 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 3.0% during the second quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock valued at $1,293,000 after buying an additional 788 shares during the period. Stifel Financial Corp grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 7.5% during the third quarter. Stifel Financial Corp now owns 12,142 shares of the company’s stock valued at $625,000 after buying an additional 847 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 24.4% in the second quarter. Truist Financial Corp now owns 5,631 shares of the company’s stock worth $272,000 after buying an additional 1,103 shares during the period.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of FDRR stock opened at $52.17 on Tuesday. The stock has a 50 day moving average price of $52.44 and a 200 day moving average price of $51.19. The firm has a market capitalization of $594.74 million, a P/E ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 52-week low of $43.31 and a 52-week high of $53.92.

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.