Elevation Capital Advisory LLC Purchases New Position in Fidelity High Dividend ETF $FDVV

Elevation Capital Advisory LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,483 shares of the company’s stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDVV. Retirement Planning Group LLC raised its stake in Fidelity High Dividend ETF by 10.1% during the 3rd quarter. Retirement Planning Group LLC now owns 2,199,223 shares of the company’s stock valued at $122,519,000 after acquiring an additional 201,512 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Fidelity High Dividend ETF by 10.9% in the second quarter. Bank of America Corp DE now owns 1,654,774 shares of the company’s stock valued at $86,081,000 after purchasing an additional 162,395 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Fidelity High Dividend ETF by 21.1% during 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. Raymond James Financial Inc. raised its stake in shares of Fidelity High Dividend ETF by 13.0% during the second quarter. Raymond James Financial Inc. now owns 1,021,750 shares of the company’s stock worth $53,151,000 after purchasing an additional 117,444 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Fidelity High Dividend ETF by 20.2% during the second quarter. Cetera Investment Advisers now owns 972,004 shares of the company’s stock worth $50,564,000 after purchasing an additional 163,462 shares during the period.

Fidelity High Dividend ETF Price Performance

NYSEARCA:FDVV opened at $57.18 on Friday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The firm’s fifty day moving average price is $56.74 and its 200 day moving average price is $55.56. Fidelity High Dividend ETF has a 1-year low of $42.81 and a 1-year high of $57.78.

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.