KFG Wealth Management LLC Takes Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

KFG Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,252 shares of the company’s stock, valued at approximately $329,000.

A number of other institutional investors have also recently made changes to their positions in FDVV. Core Wealth Advisors Inc. lifted its stake in Fidelity High Dividend ETF by 2.4% in the fourth quarter. Core Wealth Advisors Inc. now owns 11,425 shares of the company’s stock worth $483,000 after acquiring an additional 272 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Fidelity High Dividend ETF by 3.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,680 shares of the company’s stock worth $367,000 after acquiring an additional 310 shares during the period. Householder Group Estate & Retirement Specialist LLC lifted its stake in Fidelity High Dividend ETF by 11.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 3,773 shares of the company’s stock worth $159,000 after acquiring an additional 388 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Fidelity High Dividend ETF by 4.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,128 shares of the company’s stock worth $597,000 after acquiring an additional 608 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in Fidelity High Dividend ETF by 0.6% in the first quarter. AdvisorNet Financial Inc now owns 102,646 shares of the company’s stock worth $4,651,000 after acquiring an additional 615 shares during the period.

Fidelity High Dividend ETF Stock Up 0.8 %

Shares of FDVV stock opened at $47.40 on Thursday. The stock has a fifty day moving average of $46.35 and a 200 day moving average of $44.51. Fidelity High Dividend ETF has a 52 week low of $36.94 and a 52 week high of $47.77. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82.

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.