Fidelity High Dividend ETF $FDVV Shares Purchased by Centerline Wealth Advisors LLC

Centerline Wealth Advisors LLC increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 42.5% in the third quarter, HoldingsChannel.com reports. The firm owned 95,324 shares of the company’s stock after buying an additional 28,410 shares during the period. Fidelity High Dividend ETF accounts for approximately 2.3% of Centerline Wealth Advisors LLC’s portfolio, making the stock its 19th largest holding. Centerline Wealth Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $5,310,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in Fidelity High Dividend ETF by 80.5% during 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 purchased a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $27,000. MB Levis & Associates LLC acquired a new position in Fidelity High Dividend ETF during the 2nd quarter worth about $28,000. Evermay Wealth Management LLC acquired a new position in Fidelity High Dividend ETF during the 2nd quarter worth about $31,000. Finally, TD Waterhouse Canada Inc. purchased a new position in Fidelity High Dividend ETF during the 2nd quarter valued at about $32,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $57.09 on Thursday. The firm has a market capitalization of $7.50 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $57.44. The firm’s 50-day moving average is $56.27 and its two-hundred day moving average is $54.79.

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.