Valmark Advisers Inc. Boosts Stock Position in Fidelity High Dividend ETF $FDVV

Valmark Advisers Inc. boosted its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,722 shares of the company’s stock after acquiring an additional 2,735 shares during the quarter. Valmark Advisers Inc. owned 0.06% of Fidelity High Dividend ETF worth $3,679,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. HighTower Advisors LLC grew its position in shares of Fidelity High Dividend ETF by 80.2% during the 1st quarter. HighTower Advisors LLC now owns 40,894 shares of the company’s stock worth $2,028,000 after buying an additional 18,196 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Fidelity High Dividend ETF by 17.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 49,805 shares of the company’s stock worth $2,470,000 after buying an additional 7,400 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth $45,000. Barry Investment Advisors LLC grew its position in shares of Fidelity High Dividend ETF by 1.4% during the 2nd quarter. Barry Investment Advisors LLC now owns 41,908 shares of the company’s stock worth $2,180,000 after buying an additional 569 shares in the last quarter. Finally, KWB Wealth bought a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth $3,470,000.

Fidelity High Dividend ETF Trading Up 0.2%

FDVV opened at $55.92 on Thursday. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $56.20. The business’s fifty day simple moving average is $55.00 and its 200-day simple moving average is $51.79. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 17.18 and a beta of 1.01.

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.