Dynasty Wealth Management LLC Grows Position in Fidelity High Dividend ETF $FDVV

Dynasty Wealth Management LLC boosted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 781,642 shares of the company’s stock after acquiring an additional 88,986 shares during the period. Dynasty Wealth Management LLC owned 0.54% of Fidelity High Dividend ETF worth $44,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Florida Financial Advisors LLC bought a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at about $247,000. Redwood Financial Network Corp bought a new stake in shares of Fidelity High Dividend ETF in the fourth quarter worth about $338,000. Essex Financial Services Inc. lifted its position in shares of Fidelity High Dividend ETF by 0.3% in the fourth quarter. Essex Financial Services Inc. now owns 83,170 shares of the company’s stock worth $4,715,000 after buying an additional 282 shares in the last quarter. Founders Financial Securities LLC lifted its position in shares of Fidelity High Dividend ETF by 35.1% in the fourth quarter. Founders Financial Securities LLC now owns 20,279 shares of the company’s stock worth $1,150,000 after buying an additional 5,264 shares in the last quarter. Finally, Core Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at approximately $16,927,000.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV opened at $61.65 on Wednesday. The stock has a market capitalization of $9.59 billion, a PE ratio of 17.18 and a beta of 0.86. The business has a 50 day simple moving average of $58.14 and a two-hundred day simple moving average of $57.66. Fidelity High Dividend ETF has a 1-year low of $50.36 and a 1-year high of $61.79.

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.