Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Shares Sold by Geneva Partners LLC

Geneva Partners LLC decreased its holdings in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,987 shares of the company’s stock after selling 11,398 shares during the period. Fidelity Dividend ETF for Rising Rates makes up approximately 2.1% of Geneva Partners LLC’s holdings, making the stock its 19th largest position. Geneva Partners LLC owned approximately 0.68% of Fidelity Dividend ETF for Rising Rates worth $3,819,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Bank of America Corp DE lifted its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the first quarter. Bank of America Corp DE now owns 359,969 shares of the company’s stock valued at $14,636,000 after purchasing an additional 2,093 shares during the period. Jane Street Group LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 37.7% in the first quarter. Jane Street Group LLC now owns 358,550 shares of the company’s stock valued at $14,579,000 after purchasing an additional 98,108 shares during the period. LPL Financial LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 17.1% in the second quarter. LPL Financial LLC now owns 152,768 shares of the company’s stock valued at $5,901,000 after purchasing an additional 22,278 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Fidelity Dividend ETF for Rising Rates by 1.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 103,823 shares of the company’s stock valued at $4,129,000 after purchasing an additional 1,712 shares during the period. Finally, UBS Group AG lifted its position in Fidelity Dividend ETF for Rising Rates by 50.1% in the first quarter. UBS Group AG now owns 101,254 shares of the company’s stock valued at $4,508,000 after purchasing an additional 33,778 shares during the period.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of FDRR stock traded down $0.16 during midday trading on Friday, reaching $44.27. 29,043 shares of the company traded hands, compared to its average volume of 22,739. The firm’s 50 day simple moving average is $45.37 and its two-hundred day simple moving average is $43.24. Fidelity Dividend ETF for Rising Rates has a 1-year low of $38.14 and a 1-year high of $46.61. The firm has a market cap of $564.44 million, a PE ratio of 13.48 and a beta of 0.95.

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.