D.A. Davidson & CO. Buys 159,198 Shares of Fidelity High Dividend ETF $FDVV

D.A. Davidson & CO. boosted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 127.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,873 shares of the company’s stock after purchasing an additional 159,198 shares during the period. D.A. Davidson & CO.’s holdings in Fidelity High Dividend ETF were worth $15,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDVV. Jane Street Group LLC grew its position in shares of Fidelity High Dividend ETF by 301.9% in the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after purchasing an additional 394,131 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Fidelity High Dividend ETF by 369.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after purchasing an additional 393,830 shares during the last quarter. Regimen Wealth LLC purchased a new position in shares of Fidelity High Dividend ETF during the second quarter worth approximately $19,200,000. Envestnet Asset Management Inc. lifted its stake in Fidelity High Dividend ETF by 21.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,648,459 shares of the company’s stock worth $85,753,000 after purchasing an additional 287,066 shares during the last quarter. Finally, Stratos Investment Management LLC bought a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at about $12,485,000.

Fidelity High Dividend ETF Stock Performance

Shares of Fidelity High Dividend ETF stock opened at $57.09 on Tuesday. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $57.44. The company’s 50 day moving average price is $56.44 and its 200-day moving average price is $55.14.

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.