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

Ameritas Advisory Services LLC increased its holdings in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 987,768 shares of the company’s stock after buying an additional 155,523 shares during the period. Fidelity Dividend ETF for Rising Rates accounts for 1.8% of Ameritas Advisory Services LLC’s investment portfolio, making the stock its 8th biggest position. Ameritas Advisory Services LLC owned approximately 8.66% of Fidelity Dividend ETF for Rising Rates worth $50,751,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FDRR. AdvisorNet Financial Inc boosted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 46.0% in the fourth quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock worth $75,000 after acquiring an additional 461 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at about $292,000. EP Wealth Advisors LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 0.3% in 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 in the last quarter. Jane Street Group LLC boosted its position in shares of Fidelity Dividend ETF for Rising Rates by 79.8% in the third quarter. Jane Street Group LLC now owns 39,761 shares of the company’s stock valued at $2,048,000 after acquiring an additional 17,649 shares during the period. Finally, Stifel Financial Corp grew its stake in Fidelity Dividend ETF for Rising Rates by 7.5% during the third quarter. Stifel Financial Corp now owns 12,142 shares of the company’s stock valued at $625,000 after acquiring an additional 847 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

NYSEARCA FDRR opened at $52.17 on Friday. The company’s 50 day simple moving average is $52.46 and its two-hundred day simple moving average is $51.15. Fidelity Dividend ETF for Rising Rates has a 1 year low of $43.31 and a 1 year high of $53.92. The stock has a market capitalization of $594.74 million, a PE ratio of 14.66 and a beta of 0.84.

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.