M Holdings Securities Inc. bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 10,192 shares of the company’s stock, valued at approximately $634,000.
Several other hedge funds have also added to or reduced their stakes in FDVV. Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity High Dividend ETF in the third quarter worth $193,871,000. Retirement Planning Group LLC purchased a new position in shares of Fidelity High Dividend ETF in the 3rd quarter worth about $176,774,000. Envestnet Asset Management Inc. raised its position in shares of Fidelity High Dividend ETF by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,581,834 shares of the company’s stock worth $155,659,000 after purchasing an additional 148,465 shares during the last quarter. Bank of America Corp DE boosted its stake in Fidelity High Dividend ETF by 4.6% in the 1st quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock worth $130,765,000 after purchasing an additional 104,028 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Fidelity High Dividend ETF by 15.7% in the 1st quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after purchasing an additional 273,148 shares in the last quarter.
Fidelity High Dividend ETF Stock Performance
Shares of FDVV stock opened at $62.35 on Wednesday. Fidelity High Dividend ETF has a one year low of $53.77 and a one year high of $64.54. The company’s 50-day moving average is $62.09 and its 200 day moving average is $60.42. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 18.94 and a beta of 0.87.
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.
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Want to see what other hedge funds are holding FDVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report).
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