Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Strong Trading Volume – Here’s Why

Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw strong trading volume on Monday . 27,941 shares were traded during mid-day trading, an increase of 43% from the previous session’s volume of 19,546 shares.The stock last traded at $60.8650 and had previously closed at $60.84.

Fidelity Dividend ETF for Rising Rates Stock Performance

The stock has a market cap of $648.03 million, a price-to-earnings ratio of 17.77 and a beta of 0.91. The company’s 50 day simple moving average is $59.31 and its 200 day simple moving average is $56.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FDRR. CX Institutional increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 32.4% in the second quarter. CX Institutional now owns 772 shares of the company’s stock valued at $42,000 after buying an additional 189 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in Fidelity Dividend ETF for Rising Rates by 2.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 7,255 shares of the company’s stock worth $393,000 after purchasing an additional 190 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in Fidelity Dividend ETF for Rising Rates by 6.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 4,181 shares of the company’s stock worth $245,000 after buying an additional 247 shares during the period. Stonebridge Financial Planning Group LLC lifted its stake in Fidelity Dividend ETF for Rising Rates by 1.9% during the second quarter. Stonebridge Financial Planning Group LLC now owns 17,970 shares of the company’s stock valued at $974,000 after buying an additional 340 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 4.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,944 shares of the company’s stock worth $447,000 after buying an additional 340 shares during the period.

Fidelity Dividend ETF for Rising Rates Company Profile

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.