Multiple hedge funds and institutional investors have recently traded shares of the Fidelity Dividend ETF for Rising Rates. For instance, Private Advisor Group LLC increased its stake by 4.3% in the first quarter, owning 193,492 shares worth $9,007,000 after adding 8,060 shares. EP Wealth Advisors LLC also raised its position by 4.4%, now holding 399,954 shares valued at $18,618,000 after buying an extra 16,745 shares. Sugar Maple Asset Management and Tidal Investments both acquired new positions during the same quarter, valued at approximately $3,042,000 and $228,000, respectively. Additionally, Cetera Advisors LLC bought shares worth about $919,000.
Fidelity Dividend ETF for Rising Rates Stock Update
The Fidelity Dividend ETF for Rising Rates stock opened at $52.89. Its 50-day moving average is $50.78, while the 200-day average stands at $48.57. The fund has a market cap of $602.95 million, a price-to-earnings ratio of 14.66, and a beta of 0.84. The stock’s 52-week range is between $38.14 and $53.14.
Company Overview
The Fidelity Dividend ETF for Rising Rates (FDRR) tracks an index of large- and mid-cap companies in developed markets that have strong dividend traits and are positively correlated with rising 10-year US Treasury yields.
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