Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Reaches New 12-Month High – What’s Next?

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $53.67 and last traded at $53.67, with a volume of 1511 shares changing hands. The stock had previously closed at $53.29.

Fidelity Dividend ETF for Rising Rates Trading Up 0.4 %

The business has a 50 day simple moving average of $52.00 and a 200-day simple moving average of $49.89. The stock has a market capitalization of $609.79 million, a price-to-earnings ratio of 14.66 and a beta of 0.84.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

Institutional investors have recently bought and sold shares of the stock. Sugar Maple Asset Management LLC purchased a new stake in shares of Fidelity Dividend ETF for Rising Rates during the 1st quarter valued at $3,042,000. Ameritas Advisory Services LLC grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 8.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 789,392 shares of the company’s stock worth $38,088,000 after purchasing an additional 63,551 shares during the period. Flow Traders U.S. LLC increased its position in shares of Fidelity Dividend ETF for Rising Rates by 254.2% in the third quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock worth $2,574,000 after acquiring an additional 35,872 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates in the 1st quarter valued at $919,000. Finally, Jane Street Group LLC boosted its position in Fidelity Dividend ETF for Rising Rates by 79.8% during the 3rd quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock worth $2,048,000 after purchasing an additional 17,649 shares during the period.

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.