Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Strong Trading Volume – Should You Buy?

Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw an uptick in trading volume on Thursday . 75,290 shares changed hands during mid-day trading, an increase of 281% from the previous session’s volume of 19,753 shares.The stock last traded at $50.42 and had previously closed at $50.81.

Fidelity Dividend ETF for Rising Rates Trading Down 0.6 %

The stock has a market capitalization of $538.10 million, a P/E ratio of 19.11 and a beta of 0.95. The stock’s fifty day moving average price is $52.16 and its two-hundred day moving average price is $52.09.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FDRR. FMR LLC increased its holdings in Fidelity Dividend ETF for Rising Rates by 16.9% during the 3rd quarter. FMR LLC now owns 67,620 shares of the company’s stock valued at $3,482,000 after purchasing an additional 9,759 shares during the period. Flow Traders U.S. LLC increased its stake in shares of Fidelity Dividend ETF for Rising Rates by 254.2% during the third quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock valued at $2,574,000 after buying an additional 35,872 shares during the period. Stifel Financial Corp raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 7.5% during the third quarter. Stifel Financial Corp now owns 12,142 shares of the company’s stock valued at $625,000 after acquiring an additional 847 shares in the last quarter. Jane Street Group LLC lifted its stake in Fidelity Dividend ETF for Rising Rates by 79.8% in the third quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock worth $2,048,000 after acquiring an additional 17,649 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 0.3% in the third quarter. EP Wealth Advisors LLC now owns 415,926 shares of the company’s stock valued at $21,420,000 after acquiring an additional 1,167 shares in the last quarter.

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.