Summit Financial Wealth Advisors LLC Buys 289,420 Shares of Fidelity High Dividend ETF $FDVV

Summit Financial Wealth Advisors LLC purchased a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, Holdings Channel reports. The fund purchased 289,420 shares of the company’s stock, valued at approximately $17,577,000. Fidelity High Dividend ETF accounts for about 2.2% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 11th largest position.

Several other hedge funds also recently modified their holdings of the company. LifeSteps Financial Inc. lifted its position in Fidelity High Dividend ETF by 10.8% during the 3rd quarter. LifeSteps Financial Inc. now owns 4,572 shares of the company’s stock worth $278,000 after buying an additional 445 shares in the last quarter. Godsey & Gibb Inc. acquired a new position in shares of Fidelity High Dividend ETF during the third quarter worth about $90,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Fidelity High Dividend ETF in the 3rd quarter valued at approximately $147,000. Focus Financial Network Inc. boosted its position in Fidelity High Dividend ETF by 9.8% during the 3rd quarter. Focus Financial Network Inc. now owns 13,362 shares of the company’s stock worth $811,000 after acquiring an additional 1,188 shares during the last quarter. Finally, XY Planning Network Inc. boosted its position in Fidelity High Dividend ETF by 21.3% during the 3rd quarter. XY Planning Network Inc. now owns 11,401 shares of the company’s stock worth $692,000 after acquiring an additional 2,000 shares during the last quarter.

Fidelity High Dividend ETF Stock Up 0.5%

Shares of FDVV stock traded up $0.30 during trading on Thursday, reaching $61.77. The company’s stock had a trading volume of 376,828 shares, compared to its average volume of 857,732. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a one year low of $53.77 and a one year high of $64.54. The business has a fifty day moving average price of $62.60 and a 200-day moving average price of $60.97.

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.