Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) Sees Unusually-High Trading Volume – Here’s Why

Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) shares saw an uptick in trading volume on Thursday . 75,290 shares traded hands during trading, an increase of 281% from the previous session’s volume of 19,753 shares.The stock last traded at $50.42 and had previously closed at $50.81.

Fidelity Dividend ETF for Rising Rates Price Performance

The firm has a market cap of $538.10 million, a price-to-earnings ratio of 19.11 and a beta of 0.95. The firm’s 50 day moving average price is $52.16 and its two-hundred day moving average price is $52.09.

Hedge Funds Weigh In On Fidelity Dividend ETF for Rising Rates

A number of large investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Fidelity Dividend ETF for Rising Rates by 16.9% during the 3rd quarter. FMR LLC now owns 67,620 shares of the company’s stock worth $3,482,000 after buying an additional 9,759 shares in the last quarter. Flow Traders U.S. LLC boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 254.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 49,982 shares of the company’s stock worth $2,574,000 after purchasing an additional 35,872 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 7.5% during the 3rd quarter. Stifel Financial Corp now owns 12,142 shares of the company’s stock worth $625,000 after purchasing an additional 847 shares during the period. Jane Street Group LLC increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 79.8% in the 3rd quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock valued at $2,048,000 after purchasing an additional 17,649 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its position in Fidelity Dividend ETF for Rising Rates by 0.3% during the third quarter. EP Wealth Advisors LLC now owns 415,926 shares of the company’s stock worth $21,420,000 after buying an additional 1,167 shares during the period.

About Fidelity Dividend ETF for Rising Rates

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.