Arwa LLC acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 19,206 shares of the company’s stock, valued at approximately $1,089,000.
Several other institutional investors have also recently made changes to their positions in FDVV. Monetary Solutions Ltd purchased a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $26,000. Sunbelt Securities Inc. raised its position in shares of Fidelity High Dividend ETF by 0.8% during the fourth quarter. Sunbelt Securities Inc. now owns 32,071 shares of the company’s stock valued at $1,818,000 after buying an additional 246 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Fidelity High Dividend ETF by 25.4% during the fourth quarter. Raymond James Financial Inc. now owns 2,077,712 shares of the company’s stock valued at $117,785,000 after buying an additional 420,371 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth $2,108,000. Finally, Obsidian Cio LLC purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth $235,000.
Fidelity High Dividend ETF Stock Performance
Shares of NYSEARCA:FDVV opened at $60.59 on Friday. The firm has a fifty day moving average price of $59.79 and a 200 day moving average price of $58.15. Fidelity High Dividend ETF has a fifty-two week low of $50.53 and a fifty-two week high of $62.06. The firm has a market cap of $9.42 billion, a price-to-earnings 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.
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Want to see what other hedge funds are holding FDVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report).
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