Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 75,290 shares traded hands during trading, an increase of 281% from the previous session’s volume of 19,753 shares.The stock last traded at $50.42 and had previously closed at $50.81.
Fidelity Dividend ETF for Rising Rates Price Performance
The business’s fifty day moving average price is $52.09 and its 200-day moving average price is $52.08. The stock has a market capitalization of $529.09 million, a PE ratio of 19.11 and a beta of 0.95.
Institutional Investors Weigh In On Fidelity Dividend ETF for Rising Rates
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 570.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,167 shares of the company’s stock worth $60,000 after acquiring an additional 993 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Fidelity Dividend ETF for Rising Rates by 46.0% in the fourth quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $75,000 after purchasing an additional 461 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at about $221,000. Next Level Wealth Planning LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at about $228,000. Finally, MFA Wealth Services bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at about $246,000.
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.
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