Integrated Wealth Concepts LLC Sells 491 Shares of Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR)

Integrated Wealth Concepts LLC trimmed its position in Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) by 5.0% in the third quarter, Holdings Channel reports. The fund owned 9,359 shares of the company’s stock after selling 491 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Fidelity Dividend ETF for Rising Rates were worth $482,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Ameritas Advisory Services LLC raised its holdings in Fidelity Dividend ETF for Rising Rates by 5.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 832,245 shares of the company’s stock worth $42,861,000 after purchasing an additional 42,853 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Fidelity Dividend ETF for Rising Rates by 3.7% in the second quarter. EP Wealth Advisors LLC now owns 414,759 shares of the company’s stock valued at $20,012,000 after acquiring an additional 14,805 shares during the period. Private Advisor Group LLC grew its position in Fidelity Dividend ETF for Rising Rates by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 194,964 shares of the company’s stock valued at $10,041,000 after purchasing an additional 1,870 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Fidelity Dividend ETF for Rising Rates by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 103,019 shares of the company’s stock valued at $4,971,000 after acquiring an additional 601 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Fidelity Dividend ETF for Rising Rates by 16.9% in the third quarter. FMR LLC now owns 67,620 shares of the company’s stock valued at $3,482,000 after purchasing an additional 9,759 shares in the last quarter.

Fidelity Dividend ETF for Rising Rates Price Performance

Shares of NYSEARCA:FDRR opened at $53.04 on Thursday. The business’s 50 day moving average is $52.62 and its 200 day moving average is $50.45. Fidelity Dividend ETF for Rising Rates has a 12-month low of $42.50 and a 12-month high of $53.92. The stock has a market cap of $604.66 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.