bLong Financial LLC Takes Position in Fidelity High Dividend ETF $FDVV

bLong Financial LLC purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,376 shares of the company’s stock, valued at approximately $684,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Fidelity High Dividend ETF by 36.8% in the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after acquiring an additional 1,655,768 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity High Dividend ETF by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock worth $172,035,000 after purchasing an additional 75,387 shares during the period. Morgan Stanley grew its holdings in Fidelity High Dividend ETF by 7.6% during the 4th quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock valued at $142,860,000 after purchasing an additional 177,157 shares during the last quarter. Retirement Planning Group LLC raised its position in Fidelity High Dividend ETF by 5.3% in the 4th quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock worth $131,224,000 after purchasing an additional 115,547 shares during the period. Finally, Bank of America Corp DE raised its position in Fidelity High Dividend ETF by 34.6% in the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $59.97 on Friday. Fidelity High Dividend ETF has a 52-week low of $51.41 and a 52-week high of $62.06. The firm has a market capitalization of $9.33 billion, a P/E ratio of 17.18 and a beta of 0.86. The stock has a 50 day moving average price of $60.02 and a 200 day moving average price of $58.25.

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.