CoreCap Advisors LLC Sells 906 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

CoreCap Advisors LLC cut its holdings in shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,937 shares of the company’s stock after selling 906 shares during the period. CoreCap Advisors LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDRR. Silver Oak Securities Incorporated acquired a new stake in Fidelity Dividend ETF for Rising Rates in the third quarter valued at approximately $134,000. Wells Fargo & Company MN boosted its stake in Fidelity Dividend ETF for Rising Rates by 600.0% in the second quarter. Wells Fargo & Company MN now owns 3,500 shares of the company’s stock valued at $146,000 after acquiring an additional 3,000 shares in the last quarter. Money Concepts Capital Corp boosted its stake in Fidelity Dividend ETF for Rising Rates by 3,535.7% in the fourth quarter. Money Concepts Capital Corp now owns 4,072 shares of the company’s stock valued at $162,000 after acquiring an additional 3,960 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at approximately $202,000. Finally, Two Sigma Securities LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the first quarter valued at approximately $212,000.

Fidelity Dividend ETF for Rising Rates Trading Up 1.1 %

NYSEARCA:FDRR opened at $46.39 on Thursday. Fidelity Dividend ETF for Rising Rates has a 12 month low of $38.14 and a 12 month high of $46.46. The firm has a fifty day simple moving average of $44.98 and a 200-day simple moving average of $42.69. The company has a market capitalization of $591.47 million, a P/E ratio of 13.48 and a beta of 0.95.

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.