Clare Market Investments LLC Invests $1.40 Million in Fidelity High Dividend ETF $FDVV

Clare Market Investments LLC acquired a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,300 shares of the company’s stock, valued at approximately $1,398,000.

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

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV opened at $62.00 on Tuesday. The firm’s 50-day moving average is $60.31 and its 200-day moving average is $58.44. The company has a market cap of $10.01 billion, a price-to-earnings 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.

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.