Ethos Financial Group LLC Takes $3.99 Million Position in Fidelity High Dividend ETF $FDVV

Ethos Financial Group LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,285 shares of the company’s stock, valued at approximately $3,993,000.

A number of other hedge funds have also made changes to their positions in FDVV. Base Wealth Management LLC grew its holdings in shares of Fidelity High Dividend ETF by 27.5% during the fourth quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock worth $8,167,000 after purchasing an additional 31,041 shares during the last quarter. Childress Capital Advisors LLC raised its holdings in shares of Fidelity High Dividend ETF by 4.8% in the fourth quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after buying an additional 36,855 shares during the last quarter. North Star Asset Management Inc. acquired a new position in Fidelity High Dividend ETF during the 4th quarter worth about $482,000. Sovran Advisors LLC grew its holdings in Fidelity High Dividend ETF by 214.7% during the 4th quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock worth $1,999,000 after acquiring an additional 23,725 shares during the last quarter. Finally, Savvy Advisors Inc. grew its holdings in Fidelity High Dividend ETF by 55.6% during the 4th quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock worth $2,862,000 after acquiring an additional 18,037 shares during the last quarter.

Fidelity High Dividend ETF Trading Up 0.2%

Shares of FDVV stock opened at $62.05 on Wednesday. Fidelity High Dividend ETF has a 1 year low of $52.48 and a 1 year high of $62.40. The firm’s 50 day moving average is $60.69 and its 200-day moving average is $58.66. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.