Base Wealth Management LLC Invests $6.30 Million in Fidelity High Dividend ETF $FDVV

Base Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 113,019 shares of the company’s stock, valued at approximately $6,296,000. Fidelity High Dividend ETF comprises about 3.6% of Base Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Base Wealth Management LLC owned about 0.09% of Fidelity High Dividend ETF as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FDVV. Foundations Investment Advisors LLC raised its position in Fidelity High Dividend ETF by 34.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock worth $1,244,000 after buying an additional 6,102 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Fidelity High Dividend ETF by 4.8% in the 2nd quarter. Allworth Financial LP now owns 547,991 shares of the company’s stock valued at $28,506,000 after acquiring an additional 25,216 shares during the last quarter. Advyzon Investment Management LLC purchased a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $344,000. Dentgroup LLC increased its stake in shares of Fidelity High Dividend ETF by 35.6% in the third quarter. Dentgroup LLC now owns 204,125 shares of the company’s stock worth $11,372,000 after acquiring an additional 53,547 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Fidelity High Dividend ETF by 55.8% during the second quarter. Janney Montgomery Scott LLC now owns 53,594 shares of the company’s stock worth $2,788,000 after purchasing an additional 19,196 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV opened at $56.99 on Tuesday. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $57.44. The company has a market capitalization of $7.49 billion, a PE ratio of 17.18 and a beta of 0.92. The company has a fifty day moving average of $56.36 and a 200 day moving average of $54.94.

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.