FDRR Stock Summary and Trading Ideas (Fidelity Dividend ETF For Rising Rates | ARCA:FDRR)

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Fidelity Dividend ETF For Rising Rates trades on the ARCA stock market under the symbol FDRR.

As of April 24, 2024, FDRR stock price declined to $45.07 with 6,677 million shares trading.

FDRR has a beta of 0.66, meaning it tends to be less sensitive to market movements. FDRR has a correlation of 0.64 to the broad based SPY ETF.

FDRR has a market cap of $513.80 million. This is considered a Small Cap stock.

In the last 3 years, FDRR stock traded as high as $46.61 and as low as $35.13.

FDRR has underperformed the market in the last year with a return of +12.8%, while the SPY ETF gained +23.9%. In the last 3 month period, FDRR fell short of the market, returning +2.2%, while SPY returned +4.3%. However, in the most recent 2 weeks FDRR has outperformed the stock market by returning -2.0%, while SPY returned -3.0%.

FDRR support price is $44.74 and resistance is $45.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDRR stock will trade within this expected range on the day.