Recently, several hedge funds and investors bought and sold shares of the Fidelity Dividend ETF for Rising Rates. Private Advisor Group LLC increased its stake by 4.3%, owning 193,492 shares worth $9 million after buying 8,060 more shares. EP Wealth Advisors LLC raised its holdings by 4.4% to 399,954 shares valued at $18.6 million after adding 16,745 shares. Sugar Maple Asset Management LLC entered a new position worth about $3 million, Tidal Investments LLC also bought shares worth $228,000, and Cetera Advisors LLC acquired shares valued at around $919,000 in the same quarter.
Fidelity Dividend ETF Stock Rises
Fidelity Dividend ETF stock opened at $52.89 on Friday, with a 50-day average of $50.78 and a 200-day average of $48.57. The company has a market cap of $602.95 million, a P/E ratio of 14.66, and a beta of 0.84. Its 52-week low is $38.14, and the high is $53.14.
About Fidelity Dividend ETF
The Fidelity Dividend ETF for Rising Rates (FDRR) is an ETF tracking an index of strong dividend-paying large- and mid-cap companies in developed nations that positively correlate with rising 10-year US Treasury yields.
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