Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Shares Sold by Summit X LLC

Summit X LLC lowered its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 14.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,198 shares of the company’s stock after selling 3,372 shares during the quarter. Summit X LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FDRR. AdvisorNet Financial Inc boosted its holdings in shares of 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 valued at $75,000 after acquiring an additional 461 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the third quarter worth approximately $88,000. Wealthfront Advisers LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the fourth quarter worth approximately $221,000. Next Level Wealth Planning LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the fourth quarter worth approximately $228,000. Finally, MFA Wealth Services bought a new stake in Fidelity Dividend ETF for Rising Rates during the fourth quarter worth approximately $246,000.

Fidelity Dividend ETF for Rising Rates Stock Performance

Shares of NYSEARCA:FDRR opened at $50.37 on Wednesday. The stock has a market capitalization of $536.44 million, a price-to-earnings ratio of 21.30 and a beta of 0.95. Fidelity Dividend ETF for Rising Rates has a 1-year low of $44.19 and a 1-year high of $54.08. The company has a 50 day moving average price of $52.31 and a 200 day moving average price of $52.07.

Fidelity Dividend ETF for Rising Rates Company 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.