Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $53.96 and last traded at $53.89, with a volume of 7183 shares changing hands. The stock had previously closed at $53.80.
Fidelity Dividend ETF for Rising Rates Trading Down 1.3 %
The stock has a market cap of $606.48 million, a P/E ratio of 14.66 and a beta of 0.84. The stock’s fifty day moving average price is $52.30 and its 200 day moving average price is $51.73.
Institutional Trading of Fidelity Dividend ETF for Rising Rates
A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in Fidelity Dividend ETF for Rising Rates by 570.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,167 shares of the company’s stock worth $60,000 after purchasing an additional 993 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in Fidelity Dividend ETF for Rising Rates by 46.0% in the 4th quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $75,000 after purchasing an additional 461 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 3rd quarter worth about $88,000. Wealthfront Advisers LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth about $221,000. Finally, Next Level Wealth Planning LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth about $228,000.
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.
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