Flagstar Advisors Inc. Purchases 9,137 Shares of Fidelity High Dividend ETF $FDVV

Flagstar Advisors Inc. lifted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 13.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,315 shares of the company’s stock after purchasing an additional 9,137 shares during the quarter. Fidelity High Dividend ETF accounts for approximately 1.5% of Flagstar Advisors Inc.’s investment portfolio, making the stock its 17th largest position. Flagstar Advisors Inc.’s holdings in Fidelity High Dividend ETF were worth $4,160,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FDVV. Federation des caisses Desjardins du Quebec bought a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $25,000. Monetary Solutions Ltd bought a new position in Fidelity High Dividend ETF in the 4th quarter valued at $26,000. Darwin Wealth Management LLC purchased a new stake in Fidelity High Dividend ETF in the second quarter worth $27,000. Optima Capital LLC bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $33,000. Finally, Dunhill Financial LLC bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $41,000.

Fidelity High Dividend ETF Trading Up 0.4%

Shares of FDVV opened at $60.34 on Tuesday. The firm has a market capitalization of $9.38 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12-month low of $51.69 and a 12-month high of $62.06. The firm has a fifty day moving average price of $60.09 and a 200-day moving average price of $58.30.

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.