556,318 Shares in Fidelity High Dividend ETF (NYSEARCA:FDVV) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 556,318 shares of the company’s stock, valued at approximately $27,783,000. Raymond James Financial Inc. owned approximately 0.96% of Fidelity High Dividend ETF at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Melfa Wealth Management Inc. grew its holdings in shares of Fidelity High Dividend ETF by 1.5% in the fourth quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock valued at $872,000 after purchasing an additional 258 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Fidelity High Dividend ETF by 2.9% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,213 shares of the company’s stock worth $460,000 after acquiring an additional 261 shares during the last quarter. Ballew Advisors Inc boosted its stake in shares of Fidelity High Dividend ETF by 1.0% during the 4th quarter. Ballew Advisors Inc now owns 27,908 shares of the company’s stock worth $1,380,000 after purchasing an additional 266 shares during the period. Koshinski Asset Management Inc. grew its holdings in Fidelity High Dividend ETF by 0.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock valued at $2,047,000 after purchasing an additional 273 shares during the last quarter. Finally, Tandem Capital Management Corp ADV lifted its stake in Fidelity High Dividend ETF by 3.3% in the fourth quarter. Tandem Capital Management Corp ADV now owns 9,470 shares of the company’s stock worth $473,000 after purchasing an additional 300 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $46.56 on Friday. The business has a 50 day simple moving average of $49.33 and a two-hundred day simple moving average of $50.44. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $52.78. The firm has a market capitalization of $4.54 billion, a PE ratio of 15.53 and a beta of 0.93.

Fidelity High Dividend ETF Profile

The Fidelity High Dividend ETF (FDVV) is an exchange-traded fund that is based on the Fidelity High Dividend index. The fund tracks an index of large- and mid-cap companies that exhibit positive dividend characteristics, with overweights to sectors that exhibit higher dividend yield. FDVV was launched on Sep 12, 2016 and is managed by Fidelity.