Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Reaches New 52-Week High – Here’s Why

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRRGet Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $53.67 and last traded at $53.67, with a volume of 1511 shares traded. The stock had previously closed at $53.29.

Fidelity Dividend ETF for Rising Rates Stock Up 0.2 %

The company’s 50 day simple moving average is $52.12 and its 200-day simple moving average is $49.98. The firm has a market cap of $610.44 million, a P/E ratio of 14.66 and a beta of 0.84.

Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates

A number of large investors have recently bought and sold shares of FDRR. Larson Financial Group LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the second quarter worth $60,000. Darwin Wealth Management LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates in the 3rd quarter valued at about $88,000. CWM LLC grew its stake in Fidelity Dividend ETF for Rising Rates by 9.8% in the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock worth $183,000 after acquiring an additional 340 shares in the last quarter. Csenge Advisory Group purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the second quarter worth approximately $209,000. Finally, Tidal Investments LLC purchased a new position in shares of Fidelity Dividend ETF for Rising Rates during the first quarter worth approximately $228,000.

About Fidelity Dividend ETF for Rising Rates

(Get Free Report)

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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