Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Reaches New 1-Year High at $50.42

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) shares hit a new 52-week high on Monday . The company traded as high as $50.42 and last traded at $50.42, with a volume of 21779 shares trading hands. The stock had previously closed at $50.05.

Fidelity Dividend ETF for Rising Rates Trading Up 1.0 %

The business’s 50 day moving average price is $48.76 and its two-hundred day moving average price is $46.80. The stock has a market cap of $576.04 million, a P/E ratio of 14.66 and a beta of 0.84.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

A number of large investors have recently modified their holdings of the stock. EP Wealth Advisors LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 3.7% during the second quarter. EP Wealth Advisors LLC now owns 414,759 shares of the company’s stock worth $20,012,000 after acquiring an additional 14,805 shares in the last quarter. Larson Financial Group LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the second quarter worth about $60,000. Ameritas Advisory Services LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 8.8% during the second quarter. Ameritas Advisory Services LLC now owns 789,392 shares of the company’s stock worth $38,088,000 after acquiring an additional 63,551 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Fidelity Dividend ETF for Rising Rates by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock worth $4,971,000 after acquiring an additional 601 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Fidelity Dividend ETF for Rising Rates by 0.9% during the second quarter. Raymond James & Associates now owns 39,400 shares of the company’s stock worth $1,901,000 after acquiring an additional 334 shares in the last quarter.

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.