Sagespring Wealth Partners LLC Purchases New Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Sagespring Wealth Partners LLC purchased a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 537,319 shares of the company’s stock, valued at approximately $26,651,000.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter worth about $507,000. US Bancorp DE boosted its position in Fidelity High Dividend ETF by 36.9% during the fourth quarter. US Bancorp DE now owns 4,787 shares of the company’s stock worth $239,000 after purchasing an additional 1,290 shares during the period. Commonwealth Equity Services LLC boosted its position in Fidelity High Dividend ETF by 12.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,114,014 shares of the company’s stock worth $155,514,000 after purchasing an additional 345,433 shares during the period. Focus Partners Wealth bought a new position in Fidelity High Dividend ETF during the fourth quarter worth about $311,000. Finally, NBC Securities Inc. boosted its position in Fidelity High Dividend ETF by 66,500.0% during the first quarter. NBC Securities Inc. now owns 4,662 shares of the company’s stock worth $231,000 after purchasing an additional 4,655 shares during the period.

Fidelity High Dividend ETF Stock Down 1.1%

Shares of NYSEARCA:FDVV opened at $51.14 on Monday. The firm has a market capitalization of $5.31 billion, a PE ratio of 17.11 and a beta of 0.92. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $52.78. The company has a 50-day moving average price of $48.85 and a two-hundred day moving average price of $49.90.

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.