Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Strong Trading Volume – Still a Buy?

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) saw an uptick in trading volume on Wednesday . 46,254 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 19,919 shares.The stock last traded at $60.8560 and had previously closed at $61.43.

Fidelity Dividend ETF for Rising Rates Stock Down 0.7%

The business has a 50-day moving average price of $59.85 and a 200-day moving average price of $57.24. The firm has a market capitalization of $642.73 million, a price-to-earnings ratio of 17.77 and a beta of 0.91.

Institutional Trading of Fidelity Dividend ETF for Rising Rates

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 2.1% in the first quarter. Raymond James Financial Inc. now owns 74,539 shares of the company’s stock worth $3,723,000 after buying an additional 1,523 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Dividend ETF for Rising Rates by 4.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,944 shares of the company’s stock worth $447,000 after acquiring an additional 340 shares during the last quarter. Jane Street Group LLC lifted its position in Fidelity Dividend ETF for Rising Rates by 98.8% during the 1st quarter. Jane Street Group LLC now owns 12,715 shares of the company’s stock worth $635,000 after acquiring an additional 6,319 shares during the period. Dentgroup LLC purchased a new stake in Fidelity Dividend ETF for Rising Rates during the 2nd quarter valued at about $232,000. Finally, CX Institutional grew its stake in Fidelity Dividend ETF for Rising Rates by 32.4% during the 2nd quarter. CX Institutional now owns 772 shares of the company’s stock valued at $42,000 after purchasing an additional 189 shares during the last quarter.

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.