Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) saw an uptick in trading volume on Monday . Approximately 30,816 shares were traded during trading, an increase of 59% from the previous session’s volume of 19,359 shares.The stock last traded at $61.7550 and had previously closed at $61.86.
Fidelity Dividend ETF for Rising Rates Stock Performance
The company has a market capitalization of $671.44 million, a P/E ratio of 17.77 and a beta of 0.91. The company has a 50-day simple moving average of $61.85 and a 200 day simple moving average of $60.06.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FDRR. SHP Wealth Management bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at about $61,000. Monetary Solutions Ltd acquired a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at approximately $73,000. Birchwood Financial Partners Inc. bought a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter worth approximately $26,000. High Falls Advisors Inc grew its holdings in shares of Fidelity Dividend ETF for Rising Rates by 37.9% during the 4th quarter. High Falls Advisors Inc now owns 6,077 shares of the company’s stock worth $371,000 after purchasing an additional 1,669 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at $18,951,000.
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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.
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