Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Large Volume Increase – Here’s Why

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) shares saw strong trading volume on Wednesday . 46,254 shares changed hands during mid-day trading, an increase of 132% from the previous session’s volume of 19,919 shares.The stock last traded at $60.8560 and had previously closed at $61.43.

Fidelity Dividend ETF for Rising Rates Stock Performance

The firm has a market capitalization of $641.83 million, a PE ratio of 17.77 and a beta of 0.91. The firm’s 50 day moving average price is $59.92 and its 200-day moving average price is $57.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CX Institutional grew its stake in Fidelity Dividend ETF for Rising Rates by 32.4% during the 2nd quarter. CX Institutional now owns 772 shares of the company’s stock worth $42,000 after buying an additional 189 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Fidelity Dividend ETF for Rising Rates by 2.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 7,255 shares of the company’s stock worth $393,000 after acquiring an additional 190 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of Fidelity Dividend ETF for Rising Rates by 6.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 4,181 shares of the company’s stock worth $245,000 after acquiring an additional 247 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 4.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,944 shares of the company’s stock valued at $447,000 after acquiring an additional 340 shares during the period. Finally, Stonebridge Financial Planning Group LLC raised its position in Fidelity Dividend ETF for Rising Rates by 1.9% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 17,970 shares of the company’s stock valued at $974,000 after purchasing an additional 340 shares during the last quarter.

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.