Baer Investment Advisory LLC Invests $30.33 Million in Fidelity High Dividend ETF $FDVV

Baer Investment Advisory LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 548,990 shares of the company’s stock, valued at approximately $30,326,000. Fidelity High Dividend ETF accounts for about 3.7% of Baer Investment Advisory LLC’s portfolio, making the stock its 4th largest position. Baer Investment Advisory LLC owned 0.35% of Fidelity High Dividend ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDVV. World Investment Advisors lifted its position in Fidelity High Dividend ETF by 1.2% during the 1st quarter. World Investment Advisors now owns 285,894 shares of the company’s stock worth $15,793,000 after acquiring an additional 3,312 shares during the period. Private Advisor Group LLC increased its holdings in shares of Fidelity High Dividend ETF by 20.2% in the first quarter. Private Advisor Group LLC now owns 579,605 shares of the company’s stock valued at $32,017,000 after purchasing an additional 97,310 shares during the period. Sound Income Strategies LLC raised its stake in shares of Fidelity High Dividend ETF by 8.8% in the first quarter. Sound Income Strategies LLC now owns 10,114 shares of the company’s stock worth $560,000 after purchasing an additional 820 shares during the last quarter. Axis Wealth Partners LLC raised its stake in shares of Fidelity High Dividend ETF by 0.6% in the first quarter. Axis Wealth Partners LLC now owns 67,510 shares of the company’s stock worth $3,729,000 after purchasing an additional 435 shares during the last quarter. Finally, Mayflower Financial Advisors LLC lifted its holdings in shares of Fidelity High Dividend ETF by 485.3% during the first quarter. Mayflower Financial Advisors LLC now owns 23,635 shares of the company’s stock worth $1,306,000 after purchasing an additional 19,597 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $61.28 on Friday. The business’s 50 day moving average price is $60.25 and its 200 day moving average price is $58.39. The firm has a market cap of $9.90 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52 week low of $52.48 and a 52 week high of $62.06.

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.