Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sets New 12-Month High – Here’s What Happened

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.43 and last traded at $64.4450, with a volume of 11392 shares trading hands. The stock had previously closed at $64.08.

Fidelity Dividend ETF for Rising Rates Stock Down 0.9%

The firm has a market capitalization of $703.81 million, a P/E ratio of 17.77 and a beta of 0.87. The business has a 50-day moving average price of $61.20 and a 200-day moving average price of $61.17.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

A number of large investors have recently bought and sold shares of FDRR. Ameritas Advisory Services LLC grew its position in Fidelity Dividend ETF for Rising Rates by 70,725.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock valued at $45,292,000 after acquiring an additional 741,204 shares during the period. EP Wealth Advisors LLC bought a new stake in Fidelity Dividend ETF for Rising Rates in the fourth quarter valued at $18,951,000. LPL Financial LLC grew its position in Fidelity Dividend ETF for Rising Rates by 30.1% in the fourth quarter. LPL Financial LLC now owns 347,319 shares of the company’s stock valued at $21,193,000 after acquiring an additional 80,360 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Fidelity Dividend ETF for Rising Rates by 456.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,393 shares of the company’s stock valued at $2,953,000 after acquiring an additional 39,697 shares during the period. Finally, NewEdge Advisors LLC grew its position in Fidelity Dividend ETF for Rising Rates by 57.3% in the third quarter. NewEdge Advisors LLC now owns 89,171 shares of the company’s stock valued at $5,227,000 after acquiring an additional 32,491 shares during the period.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.