Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Stock Position Reduced by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lessened its position in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,600 shares of the company’s stock after selling 350 shares during the period. Geneos Wealth Management Inc.’s holdings in Fidelity Dividend ETF for Rising Rates were worth $70,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FDRR. Silver Oak Securities Incorporated acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth approximately $134,000. MWA Asset Management acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 3rd quarter valued at approximately $407,000. Kestra Advisory Services LLC increased its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 42,759 shares of the company’s stock valued at $1,701,000 after acquiring an additional 275 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Fidelity Dividend ETF for Rising Rates by 1.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 103,823 shares of the company’s stock valued at $4,129,000 after acquiring an additional 1,712 shares during the period. Finally, Arkadios Wealth Advisors increased its position in Fidelity Dividend ETF for Rising Rates by 28.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 12,280 shares of the company’s stock valued at $488,000 after acquiring an additional 2,755 shares during the period.

Fidelity Dividend ETF for Rising Rates Price Performance

FDRR opened at $44.50 on Wednesday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $38.14 and a 12 month high of $46.61. The stock has a market cap of $567.38 million, a P/E ratio of 13.48 and a beta of 0.95. The stock’s 50 day moving average price is $45.37 and its 200 day moving average price is $43.19.

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.