Summit Financial Wealth Advisors LLC Acquires New Position in Fidelity High Dividend ETF $FDVV

Summit Financial Wealth Advisors LLC acquired a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,544 shares of the company’s stock, valued at approximately $2,607,000.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in Fidelity High Dividend ETF by 80.2% during the 1st quarter. HighTower Advisors LLC now owns 40,894 shares of the company’s stock valued at $2,028,000 after purchasing an additional 18,196 shares during the period. Foundations Investment Advisors LLC increased its position in Fidelity High Dividend ETF by 34.3% in the second quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock worth $1,244,000 after buying an additional 6,102 shares during the period. Allworth Financial LP lifted its stake in Fidelity High Dividend ETF by 4.8% in the second quarter. Allworth Financial LP now owns 547,991 shares of the company’s stock valued at $28,506,000 after buying an additional 25,216 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the second quarter valued at $344,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Fidelity High Dividend ETF by 55.8% during the second quarter. Janney Montgomery Scott LLC now owns 53,594 shares of the company’s stock valued at $2,788,000 after acquiring an additional 19,196 shares during the period.

Fidelity High Dividend ETF Stock Down 0.0%

FDVV stock opened at $56.99 on Tuesday. The stock has a market cap of $7.49 billion, a PE ratio of 17.18 and a beta of 0.92. The firm’s 50-day simple moving average is $56.11 and its 200 day simple moving average is $54.53. Fidelity High Dividend ETF has a fifty-two week low of $42.81 and a fifty-two week high of $57.44.

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.