Recently, several hedge funds and institutional investors bought and sold shares of the Fidelity Dividend ETF for Rising Rates. Private Advisor Group LLC increased its holdings by 4.3% in Q1, owning 193,492 shares worth $9 million after buying 8,060 more. EP Wealth Advisors LLC raised its stake by 4.4%, now holding 399,954 shares valued at $18.6 million after an additional purchase of 16,745 shares. Sugar Maple Asset Management LLC and Tidal Investments LLC also acquired new positions, valued at $3 million and $228,000, respectively. Cetera Advisors LLC also bought shares worth about $919,000.
Fidelity Dividend ETF for Rising Rates Stock Up 0.3%
The Fidelity Dividend ETF stock opened at $52.89 on Friday. It has a 50-day average price of $50.78 and a 200-day average of $48.57. The market cap is $602.95 million, with a P/E ratio of 14.66 and a beta of 0.84. The stock’s 52-week range is from $38.14 to $53.14.
Fidelity Dividend ETF for Rising Rates Company Profile
The Fidelity Dividend ETF for Rising Rates (FDRR) is an ETF that tracks large and mid-cap companies in developed countries known for strong dividends and that are positively correlated with rising 10-year US Treasury yields.
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