Moors & Cabot Inc. Purchases 1,175 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Moors & Cabot Inc. boosted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 16.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,197 shares of the company’s stock after acquiring an additional 1,175 shares during the period. Moors & Cabot Inc.’s holdings in Fidelity High Dividend ETF were worth $407,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FDVV. IMA Advisory Services Inc. bought a new stake in Fidelity High Dividend ETF in the first quarter valued at about $28,000. Iron Horse Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth about $34,000. Creekmur Asset Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth about $35,000. Bogart Wealth LLC raised its position in shares of Fidelity High Dividend ETF by 299.5% in the 1st quarter. Bogart Wealth LLC now owns 803 shares of the company’s stock valued at $40,000 after acquiring an additional 602 shares during the period. Finally, Private Trust Co. NA bought a new position in Fidelity High Dividend ETF during the 1st quarter worth approximately $45,000.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $53.68 on Tuesday. The firm has a 50 day moving average price of $52.19 and a 200 day moving average price of $50.40. The stock has a market cap of $5.99 billion, a P/E ratio of 17.18 and a beta of 1.01. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $54.28.

Fidelity High Dividend ETF Company 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.