Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 18,253 shares changed hands during trading, a decline of 11% from the previous session’s volume of 20,482 shares.The stock last traded at $49.72 and had previously closed at $49.55.
Fidelity Dividend ETF for Rising Rates Stock Performance
The firm’s 50-day simple moving average is $47.74 and its 200 day simple moving average is $45.86. The stock has a market capitalization of $564.19 million, a P/E ratio of 14.66 and a beta of 0.84.
Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Element Wealth LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 11.9% during the 4th quarter. Element Wealth LLC now owns 2,599 shares of the company’s stock worth $114,000 after purchasing an additional 277 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth about $134,000. CWM LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 9.8% during the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock worth $183,000 after purchasing an additional 340 shares during the last quarter. Csenge Advisory Group acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 2nd quarter worth about $209,000. Finally, Stewart & Patten Co. LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter worth about $216,000.
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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