Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) saw unusually-high trading volume on Monday . Approximately 30,816 shares were traded during mid-day 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’s 50-day moving average price is $61.83 and its 200 day moving average price is $59.99. The stock has a market capitalization of $675.68 million, a PE ratio of 17.77 and a beta of 0.91.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDRR. Ameritas Advisory Services LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 70,725.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock worth $45,292,000 after acquiring an additional 741,204 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 4th quarter worth about $18,951,000. LPL Financial LLC grew its position in Fidelity Dividend ETF for Rising Rates by 30.1% during the 4th quarter. LPL Financial LLC now owns 347,319 shares of the company’s stock valued at $21,193,000 after purchasing an additional 80,360 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Dividend ETF for Rising Rates by 456.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 48,393 shares of the company’s stock valued at $2,953,000 after purchasing an additional 39,697 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Fidelity Dividend ETF for Rising Rates by 57.3% during the 3rd quarter. NewEdge Advisors LLC now owns 89,171 shares of the company’s stock valued at $5,227,000 after purchasing an additional 32,491 shares in 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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.
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