Sheets Smith Wealth Management Buys New Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Sheets Smith Wealth Management bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 1st quarter, Holdings Channel.com reports. The firm bought 45,170 shares of the company’s stock, valued at approximately $2,240,000.

Several other large investors have also bought and sold shares of FDVV. Tidemark LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at about $29,000. Abound Wealth Management bought a new position in Fidelity High Dividend ETF during the first quarter valued at about $46,000. Mendota Financial Group LLC bought a new position in Fidelity High Dividend ETF during the first quarter valued at about $48,000. JFS Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF during the first quarter valued at about $81,000. Finally, Glen Eagle Advisors LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at about $100,000.

Fidelity High Dividend ETF Stock Up 0.4%

Shares of FDVV stock opened at $51.00 on Tuesday. The stock has a 50-day simple moving average of $49.47 and a 200 day simple moving average of $49.85. Fidelity High Dividend ETF has a fifty-two week low of $42.81 and a fifty-two week high of $52.78. The stock has a market capitalization of $5.30 billion, a P/E ratio of 17.11 and a beta of 0.92.

About Fidelity High Dividend ETF

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.