Brookstone Capital Management Invests $749,000 in Fidelity High Dividend ETF $FDVV

Brookstone Capital Management bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,561 shares of the company’s stock, valued at approximately $749,000.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Fidelity High Dividend ETF by 6.0% during the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after purchasing an additional 6,174 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Fidelity High Dividend ETF during the 2nd quarter worth approximately $320,000. Qube Research & Technologies Ltd boosted its position in shares of Fidelity High Dividend ETF by 95.6% in the second quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after acquiring an additional 9,169 shares during the period. NewEdge Advisors LLC grew its position in shares of Fidelity High Dividend ETF by 49.8% during the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after purchasing an additional 37,501 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the 2nd quarter worth $27,000.

Fidelity High Dividend ETF Stock Up 0.3%

FDVV stock opened at $60.12 on Friday. The business has a 50-day simple moving average of $60.05 and a 200 day simple moving average of $58.27. Fidelity High Dividend ETF has a 52 week low of $51.59 and a 52 week high of $62.06. The company has a market cap of $9.35 billion, a PE ratio of 17.18 and a beta of 0.86.

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.