Ameritas Advisory Services LLC Increases Stock Holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Ameritas Advisory Services LLC boosted its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 832,245 shares of the company’s stock after purchasing an additional 42,853 shares during the quarter. Fidelity Dividend ETF for Rising Rates comprises about 1.8% of Ameritas Advisory Services LLC’s portfolio, making the stock its 6th biggest holding. Ameritas Advisory Services LLC owned approximately 0.07% of Fidelity Dividend ETF for Rising Rates worth $42,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 0.9% during the second quarter. Raymond James & Associates now owns 39,400 shares of the company’s stock worth $1,901,000 after buying an additional 334 shares in the last quarter. CWM LLC boosted its holdings in Fidelity Dividend ETF for Rising Rates by 9.8% in the 2nd quarter. CWM LLC now owns 3,802 shares of the company’s stock valued at $183,000 after purchasing an additional 340 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Fidelity Dividend ETF for Rising Rates by 8.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,739 shares of the company’s stock worth $296,000 after purchasing an additional 450 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Fidelity Dividend ETF for Rising Rates by 0.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock worth $4,971,000 after purchasing an additional 601 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 3.0% during the second quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock worth $1,293,000 after purchasing an additional 788 shares during the period.

Fidelity Dividend ETF for Rising Rates Trading Down 0.2 %

Shares of FDRR stock opened at $51.33 on Tuesday. The stock has a market cap of $585.16 million, a P/E ratio of 14.66 and a beta of 0.84. Fidelity Dividend ETF for Rising Rates has a 1 year low of $39.78 and a 1 year high of $53.14. The stock has a 50 day simple moving average of $51.26 and a 200 day simple moving average of $49.14.

Fidelity Dividend ETF for Rising Rates 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.