Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $70.15 and last traded at $70.02, with a volume of 1045 shares changing hands. The stock had previously closed at $69.42.
Fidelity Dividend ETF for Rising Rates Stock Performance
The stock has a market capitalization of $764.92 million, a price-to-earnings ratio of 17.77 and a beta of 0.88. The company has a 50-day moving average of $66.68 and a 200-day moving average of $63.78.
Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates
Several hedge funds have recently bought and sold shares of FDRR. O Shaughnessy Asset Management LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $25,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the 4th quarter worth about $49,000. Fifth Third Bancorp purchased a new stake in Fidelity Dividend ETF for Rising Rates during the 1st quarter worth about $53,000. Finally, MWA Asset Management acquired a new position in Fidelity Dividend ETF for Rising Rates in the 1st quarter valued at about $54,000.
Fidelity Dividend ETF for Rising Rates Company Profile
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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