Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Reaches New 52-Week High – What’s Next?

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)’s stock price hit a new 52-week high on Monday . The company traded as high as $53.67 and last traded at $53.67, with a volume of 1511 shares. The stock had previously closed at $53.29.

Fidelity Dividend ETF for Rising Rates Stock Performance

The company has a market cap of $609.79 million, a P/E ratio of 14.66 and a beta of 0.84. The firm has a 50 day moving average price of $52.00 and a 200-day moving average price of $49.89.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 5.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 832,245 shares of the company’s stock worth $42,861,000 after acquiring an additional 42,853 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 0.3% in the third quarter. EP Wealth Advisors LLC now owns 415,926 shares of the company’s stock worth $21,420,000 after purchasing an additional 1,167 shares during the period. Private Advisor Group LLC boosted its stake in Fidelity Dividend ETF for Rising Rates by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 194,964 shares of the company’s stock valued at $10,041,000 after purchasing an additional 1,870 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock worth $4,971,000 after buying an additional 601 shares during the period. Finally, FMR LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 16.9% in the 3rd quarter. FMR LLC now owns 67,620 shares of the company’s stock valued at $3,482,000 after acquiring an additional 9,759 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.