Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Hits New 12-Month High – What’s Next?

Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) hit a new 52-week high during trading on Monday . The stock traded as high as $68.11 and last traded at $68.0860, with a volume of 2132 shares trading hands. The stock had previously closed at $67.80.

Fidelity Dividend ETF for Rising Rates Trading Up 0.7%

The company’s fifty day moving average is $66.20 and its 200-day moving average is $63.32. The firm has a market capitalization of $744.42 million, a P/E ratio of 17.77 and a beta of 0.88.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ameritas Advisory Services LLC raised its stake in Fidelity Dividend ETF for Rising Rates by 70,725.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 742,252 shares of the company’s stock valued at $45,292,000 after purchasing an additional 741,204 shares during the last quarter. LPL Financial LLC raised its position in shares of Fidelity Dividend ETF for Rising Rates by 30.1% during the fourth quarter. LPL Financial LLC now owns 347,319 shares of the company’s stock valued at $21,193,000 after buying an additional 80,360 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at about $18,951,000. Bank of America Corp DE lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 1.2% in the third quarter. Bank of America Corp DE now owns 231,306 shares of the company’s stock valued at $13,559,000 after buying an additional 2,774 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of Fidelity Dividend ETF for Rising Rates by 1.8% in the first quarter. Private Advisor Group LLC now owns 169,275 shares of the company’s stock valued at $9,954,000 after buying an additional 2,984 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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.