Creative Financial Designs Inc. ADV Purchases 16,510 Shares of Fidelity Dividend ETF for Rising Rates $FDRR

Creative Financial Designs Inc. ADV boosted its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 227.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,765 shares of the company’s stock after buying an additional 16,510 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Fidelity Dividend ETF for Rising Rates were worth $1,393,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the third quarter worth approximately $49,000. CX Institutional grew its holdings in Fidelity Dividend ETF for Rising Rates by 79.5% during the 3rd quarter. CX Institutional now owns 1,386 shares of the company’s stock worth $81,000 after acquiring an additional 614 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 2nd quarter valued at $94,000. Glass Jacobson Investment Advisors llc raised its position in shares of Fidelity Dividend ETF for Rising Rates by 6.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 4,181 shares of the company’s stock valued at $245,000 after acquiring an additional 247 shares during the last quarter. Finally, Nwam LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates in the 3rd quarter valued at $299,000.

Fidelity Dividend ETF for Rising Rates Stock Down 0.7%

NYSEARCA:FDRR opened at $61.86 on Friday. Fidelity Dividend ETF for Rising Rates has a 12-month low of $43.06 and a 12-month high of $63.34. The firm has a market capitalization of $674.27 million, a P/E ratio of 17.77 and a beta of 0.91. The stock’s fifty day simple moving average is $61.83 and its 200-day simple moving average is $59.97.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.