Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) shares saw unusually-high trading volume on Wednesday. 17,446 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 18,585 shares. The stock last traded at $68.8740 and had previously closed at $68.33.
Fidelity Dividend ETF for Rising Rates Stock Performance
The company has a 50 day moving average of $69.15 and a two-hundred day moving average of $65.58. The stock has a market capitalization of $756.86 million, a PE ratio of 17.77 and a beta of 0.88.
Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates
Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the first quarter valued at about $53,000. MWA Asset Management purchased a new stake in Fidelity Dividend ETF for Rising Rates during the 1st quarter worth approximately $54,000. SHP Wealth Management acquired a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at approximately $61,000. Monetary Solutions Ltd acquired a new position in Fidelity Dividend ETF for Rising Rates during the 4th quarter valued at approximately $73,000. Finally, Royal Bank of Canada raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 17.7% in the first quarter. Royal Bank of Canada now owns 2,389 shares of the company’s stock worth $140,000 after buying an additional 360 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.
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