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

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)’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

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.