Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $68.11 and last traded at $68.0860, with a volume of 2132 shares trading hands. The stock had previously closed at $67.80.
Fidelity Dividend ETF for Rising Rates Stock Performance
The company has a market cap of $744.42 million, a price-to-earnings ratio of 17.77 and a beta of 0.88. The business’s 50 day moving average price is $66.20 and its 200-day moving average price is $63.32.
Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates
Several institutional investors have recently added to or reduced their stakes in FDRR. Jane Street Group LLC grew its stake in Fidelity Dividend ETF for Rising Rates by 98.8% during the first quarter. Jane Street Group LLC now owns 12,715 shares of the company’s stock worth $635,000 after buying an additional 6,319 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 379.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,531 shares of the company’s stock worth $1,330,000 after acquiring an additional 19,412 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Fidelity Dividend ETF for Rising Rates during the 2nd quarter worth approximately $94,000. Bank of America Corp DE grew its position in Fidelity Dividend ETF for Rising Rates by 2.6% during the 2nd quarter. Bank of America Corp DE now owns 228,532 shares of the company’s stock worth $12,393,000 after acquiring an additional 5,796 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 5.4% during the 2nd quarter. MML Investors Services LLC now owns 20,375 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,043 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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.
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