Fidelity High Dividend ETF $FDVV Position Lifted by Advisory Services Network LLC

Advisory Services Network LLC grew its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 15.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 157,024 shares of the company’s stock after purchasing an additional 20,797 shares during the quarter. Advisory Services Network LLC’s holdings in Fidelity High Dividend ETF were worth $8,405,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its stake in Fidelity High Dividend ETF by 80.5% in the second quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 211 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF during the second quarter valued at approximately $27,000. MB Levis & Associates LLC bought a new position in Fidelity High Dividend ETF during the 2nd quarter worth approximately $28,000. Evermay Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth approximately $31,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at approximately $32,000.

Fidelity High Dividend ETF Trading Down 0.7%

FDVV stock opened at $57.01 on Monday. The stock’s 50 day simple moving average is $56.09 and its 200 day simple moving average is $54.48. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $57.44. The firm has a market cap of $7.49 billion, a P/E ratio of 17.18 and a beta of 0.92.

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.