Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sets New 52-Week High – What’s Next?

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRRGet Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $53.21 and last traded at $53.10, with a volume of 1241 shares. The stock had previously closed at $52.98.

Fidelity Dividend ETF for Rising Rates Price Performance

The stock has a 50-day moving average price of $51.42 and a two-hundred day moving average price of $49.30. The stock has a market cap of $606.71 million, a PE ratio of 14.66 and a beta of 0.84.

Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 0.9% in the second quarter. Raymond James & Associates now owns 39,400 shares of the company’s stock worth $1,901,000 after purchasing an additional 334 shares during the last quarter. CWM LLC raised 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. Creative Financial Designs Inc. ADV grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 8.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,739 shares of the company’s stock valued at $296,000 after buying an additional 450 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock worth $4,971,000 after acquiring an additional 601 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Fidelity Dividend ETF for Rising Rates by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock worth $1,293,000 after purchasing an additional 788 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Company Profile

(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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