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

Ameritas Advisory Services LLC increased its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 18.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 987,768 shares of the company’s stock after purchasing an additional 155,523 shares during the period. Fidelity Dividend ETF for Rising Rates comprises 1.8% of Ameritas Advisory Services LLC’s investment portfolio, making the stock its 8th largest position. Ameritas Advisory Services LLC owned approximately 0.09% of Fidelity Dividend ETF for Rising Rates worth $50,751,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 46.0% during the fourth quarter. AdvisorNet Financial Inc now owns 1,464 shares of the company’s stock valued at $75,000 after purchasing an additional 461 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Fidelity Dividend ETF for Rising Rates during the third quarter valued at $88,000. Truist Financial Corp boosted its holdings in Fidelity Dividend ETF for Rising Rates by 24.4% in the second quarter. Truist Financial Corp now owns 5,631 shares of the company’s stock worth $272,000 after acquiring an additional 1,103 shares in the last quarter. CWM LLC grew its stake in shares of Fidelity Dividend ETF for Rising Rates by 43.3% in the third quarter. CWM LLC now owns 5,449 shares of the company’s stock worth $281,000 after acquiring an additional 1,647 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Fidelity Dividend ETF for Rising Rates during the fourth quarter valued at $292,000.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of Fidelity Dividend ETF for Rising Rates stock opened at $52.17 on Friday. Fidelity Dividend ETF for Rising Rates has a 1 year low of $43.31 and a 1 year high of $53.92. The firm’s 50-day moving average is $52.46 and its 200 day moving average is $51.15. The stock has a market cap of $594.74 million, a price-to-earnings ratio of 14.66 and a beta of 0.84.

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.