Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.26 and last traded at $50.18, with a volume of 4237 shares. The stock had previously closed at $49.89.
Fidelity Dividend ETF for Rising Rates Price Performance
The company has a 50 day simple moving average of $48.00 and a 200-day simple moving average of $46.00. The stock has a market cap of $574.22 million, a P/E ratio of 14.66 and a beta of 0.84.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Element Wealth LLC increased its holdings in 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 valued at $114,000 after purchasing an additional 277 shares during the period. CWM LLC grew its holdings 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 acquiring an additional 340 shares during the period. Csenge Advisory Group purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 2nd quarter worth approximately $209,000. Stewart & Patten Co. LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 4th quarter worth approximately $216,000. Finally, Tidal Investments LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the 1st quarter worth approximately $228,000.
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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