Pathfinder Wealth Consulting Inc. Buys New Position in Fidelity High Dividend ETF $FDVV

Pathfinder Wealth Consulting Inc. bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,749 shares of the company’s stock, valued at approximately $1,120,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the second quarter valued at approximately $27,000. Optima Capital LLC bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $33,000. Oakworth Capital Inc. raised its holdings in shares of Fidelity High Dividend ETF by 427.5% during the third quarter. Oakworth Capital Inc. now owns 691 shares of the company’s stock valued at $38,000 after acquiring an additional 560 shares in the last quarter. Dunhill Financial LLC bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $41,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Fidelity High Dividend ETF by 641.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 816 shares of the company’s stock valued at $47,000 after acquiring an additional 706 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 0.9%

FDVV opened at $60.70 on Friday. The stock has a fifty day simple moving average of $57.55 and a two-hundred day simple moving average of $57.43. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12-month low of $49.10 and a 12-month high of $60.78.

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.