Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.82 and last traded at $67.8090, with a volume of 4198 shares traded. The stock had previously closed at $67.29.
Fidelity Dividend ETF for Rising Rates Trading Up 0.7%
The company’s 50 day simple moving average is $66.00 and its 200 day simple moving average is $63.15. The stock has a market capitalization of $738.42 million, a PE ratio of 17.77 and a beta of 0.88.
Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates
A number of hedge funds and other institutional investors have recently made changes to their positions in FDRR. Ameritas Advisory Services LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 70,725.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock valued at $45,292,000 after purchasing an additional 741,204 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth about $18,951,000. LPL Financial LLC grew its holdings in Fidelity Dividend ETF for Rising Rates by 30.1% in the 4th quarter. LPL Financial LLC now owns 347,319 shares of the company’s stock valued at $21,193,000 after buying an additional 80,360 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Dividend ETF for Rising Rates by 456.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,393 shares of the company’s stock valued at $2,953,000 after buying an additional 39,697 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 57.3% during the 3rd quarter. NewEdge Advisors LLC now owns 89,171 shares of the company’s stock valued at $5,227,000 after acquiring an additional 32,491 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.
Featured Articles
- Five stocks we like better than Fidelity Dividend ETF for Rising Rates
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
- Western Digital’s Earnings Will Test Whether Its AI Rally Has More Room
Receive News & Ratings for Fidelity Dividend ETF for Rising Rates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Dividend ETF for Rising Rates and related companies with MarketBeat.com's FREE daily email newsletter.
