J.W. Cole Advisors Inc. Reduces Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

J.W. Cole Advisors Inc. reduced its holdings in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,299 shares of the company’s stock after selling 506 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Fidelity Dividend ETF for Rising Rates were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the third quarter worth about $134,000. Stewart & Patten Co. LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter worth about $216,000. Triumph Capital Management grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 11.5% during the third quarter. Triumph Capital Management now owns 8,985 shares of the company’s stock worth $357,000 after buying an additional 927 shares in the last quarter. MWA Asset Management purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the third quarter worth about $407,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 0.6% during the third quarter. Kestra Advisory Services LLC now owns 42,759 shares of the company’s stock worth $1,701,000 after buying an additional 275 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA FDRR opened at $44.72 on Tuesday. The company has a market cap of $509.81 million, a PE ratio of 14.16 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 12 month low of $38.14 and a 12 month high of $46.61. The company has a 50-day simple moving average of $45.37 and a 200-day simple moving average of $43.34.

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.