Cambridge Investment Research Advisors Inc. Reduces Stock Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Cambridge Investment Research Advisors Inc. reduced its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 102,418 shares of the company’s stock after selling 789 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.90% of Fidelity Dividend ETF for Rising Rates worth $4,768,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FDRR. Element Wealth LLC grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 11.9% during the 4th quarter. Element Wealth LLC now owns 2,599 shares of the company’s stock valued at $114,000 after purchasing an additional 277 shares during the period. Silver Oak Securities Incorporated bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter valued at approximately $134,000. Stewart & Patten Co. LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at approximately $216,000. Principal Securities Inc. bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at approximately $380,000. Finally, Stonebridge Financial Planning Group LLC grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 2.1% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 19,206 shares of the company’s stock valued at $843,000 after acquiring an additional 401 shares during the period.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA:FDRR traded up $0.05 during mid-day trading on Tuesday, reaching $47.96. 10,623 shares of the company traded hands, compared to its average volume of 20,734. The company’s 50 day moving average price is $46.26 and its 200-day moving average price is $45.00. The firm has a market cap of $546.74 million, a PE ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 52 week low of $38.14 and a 52 week high of $48.19.

Fidelity Dividend ETF for Rising Rates 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.