Private Advisor Group LLC Increases Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Private Advisor Group LLC boosted its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 39.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,544 shares of the company’s stock after purchasing an additional 15,469 shares during the period. Private Advisor Group LLC owned about 0.10% of Fidelity High Dividend ETF worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in Fidelity High Dividend ETF during the fourth quarter valued at $27,000. LifeSteps Financial Inc. acquired a new position in Fidelity High Dividend ETF during the first quarter valued at $39,000. ICA Group Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth about $86,000. Valley National Advisers Inc. boosted its stake in shares of Fidelity High Dividend ETF by 19.1% during the 1st quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock worth $137,000 after acquiring an additional 487 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of Fidelity High Dividend ETF by 11.5% during the 4th 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 in the last quarter.

Fidelity High Dividend ETF Stock Up 0.1 %

FDVV stock opened at $47.38 on Tuesday. The company’s 50-day simple moving average is $46.47 and its 200-day simple moving average is $44.60. 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 cap of $2.73 billion, a P/E ratio of 11.51 and a beta of 0.82.

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.