Fidelity Dividend ETF for Rising Rates $FDRR Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC trimmed its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 99.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,048 shares of the company’s stock after selling 720,772 shares during the period. Ameritas Advisory Services LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Fidelity Dividend ETF for Rising Rates by 2.6% in the 2nd quarter. Bank of America Corp DE now owns 228,532 shares of the company’s stock valued at $12,393,000 after acquiring an additional 5,796 shares during the last quarter. Charter Capital Management LLC DE boosted its holdings in Fidelity Dividend ETF for Rising Rates by 1.5% in the third quarter. Charter Capital Management LLC DE now owns 134,748 shares of the company’s stock worth $7,899,000 after purchasing an additional 2,034 shares during the period. Osaic Holdings Inc. increased its stake in Fidelity Dividend ETF for Rising Rates by 8.7% during the second quarter. Osaic Holdings Inc. now owns 122,308 shares of the company’s stock valued at $6,634,000 after purchasing an additional 9,747 shares during the last quarter. CWM LLC raised its holdings in shares of Fidelity Dividend ETF for Rising Rates by 31.3% during the third quarter. CWM LLC now owns 75,675 shares of the company’s stock worth $4,436,000 after purchasing an additional 18,054 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Fidelity Dividend ETF for Rising Rates by 21.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 49,130 shares of the company’s stock worth $2,880,000 after buying an additional 8,529 shares during the last quarter.

Fidelity Dividend ETF for Rising Rates Stock Down 0.3%

Shares of NYSEARCA:FDRR opened at $62.16 on Friday. The company has a market cap of $677.54 million, a PE ratio of 17.77 and a beta of 0.91. Fidelity Dividend ETF for Rising Rates has a fifty-two week low of $43.06 and a fifty-two week high of $63.34. The firm has a 50-day simple moving average of $61.67 and a 200 day simple moving average of $59.68.

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. FDRR was launched on Sep 12, 2016 and is managed by Fidelity.