Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sets New 52-Week High at $46.65

Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRRGet Free Report) reached a new 52-week high on Monday . The company traded as high as $46.65 and last traded at $46.64, with a volume of 1976 shares. The stock had previously closed at $46.51.

Fidelity Dividend ETF for Rising Rates Trading Up 0.2 %

The business has a 50 day moving average of $45.58 and a two-hundred day moving average of $43.91. The firm has a market cap of $531.13 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 hedge funds have recently bought and sold shares of FDRR. Element Wealth LLC lifted 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 worth $114,000 after purchasing an additional 277 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in Fidelity Dividend ETF for Rising Rates in the 3rd quarter worth about $134,000. Stewart & Patten Co. LLC bought a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at about $216,000. Triumph Capital Management grew its position in shares of Fidelity Dividend ETF for Rising Rates by 11.5% during the 3rd quarter. Triumph Capital Management now owns 8,985 shares of the company’s stock worth $357,000 after purchasing an additional 927 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter worth approximately $380,000.

About Fidelity Dividend ETF for Rising Rates

(Get Free Report)

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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