Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sets New 1-Year High at $51.20

Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) reached a new 52-week high on Wednesday . The stock traded as high as $51.20 and last traded at $50.93, with a volume of 12112 shares. The stock had previously closed at $50.62.

Fidelity Dividend ETF for Rising Rates Trading Down 0.5 %

The firm has a fifty day moving average of $49.58 and a two-hundred day moving average of $47.73. The company has a market cap of $581.29 million, a PE ratio of 14.66 and a beta of 0.84.

Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 3.0% in the second quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock worth $1,293,000 after buying an additional 788 shares in the last quarter. Truist Financial Corp lifted its stake in Fidelity Dividend ETF for Rising Rates by 24.4% in the 2nd quarter. Truist Financial Corp now owns 5,631 shares of the company’s stock worth $272,000 after purchasing an additional 1,103 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Fidelity Dividend ETF for Rising Rates by 3.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 414,759 shares of the company’s stock worth $20,012,000 after purchasing an additional 14,805 shares in the last quarter. Larson Financial Group LLC bought a new position in Fidelity Dividend ETF for Rising Rates in the 2nd quarter valued at $60,000. Finally, Ameritas Advisory Services LLC grew its position in shares of Fidelity Dividend ETF for Rising Rates by 8.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 789,392 shares of the company’s stock valued at $38,088,000 after purchasing an additional 63,551 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.