Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw unusually-strong trading volume on Monday . Approximately 30,816 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 19,359 shares.The stock last traded at $61.7550 and had previously closed at $61.86.

Fidelity Dividend ETF for Rising Rates Trading Up 0.2%

The stock has a fifty day moving average of $61.83 and a two-hundred day moving average of $59.99. The company has a market capitalization of $675.68 million, a PE ratio of 17.77 and a beta of 0.91.

Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates

A number of large investors have recently bought and sold shares of FDRR. Jane Street Group LLC boosted its stake in shares of 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 valued at $635,000 after purchasing an additional 6,319 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 10.1% during the second quarter. Envestnet Asset Management Inc. now owns 40,601 shares of the company’s stock worth $2,202,000 after purchasing an additional 3,710 shares during the period. Arkadios Wealth Advisors increased its holdings in Fidelity Dividend ETF for Rising Rates by 7.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 7,629 shares of the company’s stock valued at $414,000 after purchasing an additional 497 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in Fidelity Dividend ETF for Rising Rates by 2.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 7,255 shares of the company’s stock worth $393,000 after buying an additional 190 shares during the period. Finally, Stonebridge Financial Planning Group LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 1.9% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 17,970 shares of the company’s stock worth $974,000 after buying an additional 340 shares during 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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.