JPMorgan Chase & Co. Purchases 52,434 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

JPMorgan Chase & Co. lifted its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 27.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,157 shares of the company’s stock after purchasing an additional 52,434 shares during the period. JPMorgan Chase & Co.’s holdings in Fidelity High Dividend ETF were worth $12,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FDVV. Octavia Wealth Advisors LLC grew its holdings in Fidelity High Dividend ETF by 0.9% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 23,954 shares of the company’s stock valued at $1,213,000 after buying an additional 222 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Fidelity High Dividend ETF by 5.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock valued at $272,000 after acquiring an additional 260 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 2.5% in the third quarter. Westside Investment Management Inc. now owns 14,262 shares of the company’s stock valued at $722,000 after acquiring an additional 346 shares in the last quarter. FSC Wealth Advisors LLC increased its position in Fidelity High Dividend ETF by 4.2% during the third quarter. FSC Wealth Advisors LLC now owns 11,943 shares of the company’s stock worth $605,000 after acquiring an additional 476 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF in the 3rd quarter worth about $25,000.

Fidelity High Dividend ETF Stock Down 1.7 %

Shares of NYSEARCA:FDVV opened at $49.35 on Friday. Fidelity High Dividend ETF has a 12-month low of $41.74 and a 12-month high of $52.78. The company’s 50 day moving average price is $51.21 and its two-hundred day moving average price is $49.92. The firm has a market cap of $2.85 billion, a PE 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.