Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $64.43 and last traded at $64.4450, with a volume of 11392 shares traded. The stock had previously closed at $64.08.
Fidelity Dividend ETF for Rising Rates Stock Performance
The stock has a market capitalization of $703.16 million, a P/E ratio of 17.77 and a beta of 0.87. The stock has a 50-day simple moving average of $61.07 and a 200 day simple moving average of $61.10.
Institutional Trading of Fidelity Dividend ETF for Rising Rates
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDRR. Creative Financial Designs Inc. ADV lifted its position in Fidelity Dividend ETF for Rising Rates by 227.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 23,765 shares of the company’s stock valued at $1,393,000 after purchasing an additional 16,510 shares during the period. CWM LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 22.0% during the 4th quarter. CWM LLC now owns 92,308 shares of the company’s stock worth $5,633,000 after buying an additional 16,633 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 70,725.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock worth $45,292,000 after buying an additional 741,204 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fidelity Dividend ETF for Rising Rates by 21.0% in the third quarter. Envestnet Asset Management Inc. now owns 49,130 shares of the company’s stock valued at $2,880,000 after buying an additional 8,529 shares during the period. Finally, PFG Advisors boosted its stake in Fidelity Dividend ETF for Rising Rates by 144.5% in the fourth quarter. PFG Advisors now owns 21,768 shares of the company’s stock valued at $1,328,000 after acquiring an additional 12,866 shares during 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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.
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