Arax Advisory Partners Makes New Investment in Fidelity High Dividend ETF $FDVV

Arax Advisory Partners acquired a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,279 shares of the company’s stock, valued at approximately $1,603,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec bought a new position in Fidelity High Dividend ETF during the fourth quarter worth $25,000. Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the second quarter worth $27,000. Optima Capital LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter worth $33,000. Dunhill Financial LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter worth $41,000. Finally, Cornerstone Planning Group LLC boosted its position in Fidelity High Dividend ETF by 641.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 816 shares of the company’s stock worth $47,000 after purchasing an additional 706 shares during the period.

Fidelity High Dividend ETF Price Performance

FDVV stock opened at $61.77 on Tuesday. The company has a fifty day moving average price of $59.40 and a two-hundred day moving average price of $58.04. Fidelity High Dividend ETF has a one year low of $50.53 and a one year high of $62.06. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

Fidelity High Dividend ETF 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.