Several hedge funds and institutional investors recently traded shares of the Fidelity Dividend ETF for Rising Rates. Private Advisor Group LLC increased its stake by 4.3%, owning 193,492 shares valued at $9,007,000. EP Wealth Advisors LLC raised its position by 4.4%, holding 399,954 shares worth $18,618,000. Sugar Maple Asset Management LLC and Tidal Investments LLC both bought new shares valued at $3,042,000 and $228,000, respectively. Additionally, Cetera Advisors LLC acquired shares worth about $919,000.
Fidelity Dividend ETF Stock Update
Fidelity Dividend ETF for Rising Rates stock opened at $52.89. It has a market cap of $602.95 million, a P/E ratio of 14.66, and a beta of 0.84. The stock’s 52-week low is $38.14, and its high is $53.14.
Company Overview
The Fidelity Dividend ETF for Rising Rates (FDRR) tracks an index of large and mid-cap companies in developed nations that offer strong dividends and are positively correlated with rising 10-year US Treasury yields.
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