Flagstar Advisors Inc. Raises Position in Fidelity High Dividend ETF $FDVV

Flagstar Advisors Inc. lifted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 13.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,315 shares of the company’s stock after purchasing an additional 9,137 shares during the quarter. Fidelity High Dividend ETF comprises about 1.5% of Flagstar Advisors Inc.’s portfolio, making the stock its 17th biggest position. Flagstar Advisors Inc.’s holdings in Fidelity High Dividend ETF were worth $4,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in Fidelity High Dividend ETF by 36.8% during the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after buying an additional 1,655,768 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Fidelity High Dividend ETF by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock valued at $172,035,000 after buying an additional 75,387 shares during the last quarter. Morgan Stanley boosted its holdings in Fidelity High Dividend ETF by 7.6% in the fourth quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock worth $142,860,000 after acquiring an additional 177,157 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in Fidelity High Dividend ETF by 5.3% in the fourth quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock worth $131,224,000 after acquiring an additional 115,547 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Fidelity High Dividend ETF by 34.6% during the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after acquiring an additional 572,218 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $60.34 on Tuesday. Fidelity High Dividend ETF has a fifty-two week low of $51.69 and a fifty-two week high of $62.06. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The stock’s 50-day simple moving average is $60.09 and its 200-day simple moving average is $58.30.

Fidelity High Dividend ETF Company 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.