Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $46.50 and last traded at $46.50, with a volume of 950 shares trading hands. The stock had previously closed at $46.32.
Fidelity Dividend ETF for Rising Rates Stock Performance
The stock has a market cap of $592.75 million, a PE ratio of 13.48 and a beta of 0.95. The company has a 50 day moving average of $44.98 and a two-hundred day moving average of $42.69.
Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates
Hedge funds have recently made changes to their positions in the company. Element Wealth LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 11.9% in the 4th quarter. Element Wealth LLC now owns 2,599 shares of the company’s stock valued at $114,000 after purchasing an additional 277 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in Fidelity Dividend ETF for Rising Rates during the 3rd quarter worth $134,000. Wells Fargo & Company MN boosted its position in Fidelity Dividend ETF for Rising Rates by 600.0% in the 2nd quarter. Wells Fargo & Company MN now owns 3,500 shares of the company’s stock valued at $146,000 after buying an additional 3,000 shares during the last quarter. Money Concepts Capital Corp boosted its position in Fidelity Dividend ETF for Rising Rates by 3,535.7% in the 4th quarter. Money Concepts Capital Corp now owns 4,072 shares of the company’s stock valued at $162,000 after buying an additional 3,960 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Fidelity Dividend ETF for Rising Rates in the 4th quarter valued at about $202,000.
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.
See Also
- Five stocks we like better than Fidelity Dividend ETF for Rising Rates
- Canada Bond Market Holiday: How to Invest and Trade
- 3 Value Stocks Too Small For Buffett’s Portfolio
- EV Stocks and How to Profit from Them
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- How to Calculate Inflation Rate
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Fidelity Dividend ETF for Rising Rates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Dividend ETF for Rising Rates and related companies with MarketBeat.com's FREE daily email newsletter.
