Wealth Enhancement Advisory Services LLC Acquires 23,817 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Wealth Enhancement Advisory Services LLC increased its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 45.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,448 shares of the company’s stock after purchasing an additional 23,817 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.13% of Fidelity High Dividend ETF worth $3,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FDVV. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Fidelity High Dividend ETF by 26.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 16,914 shares of the company’s stock worth $766,000 after buying an additional 3,507 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Fidelity High Dividend ETF by 52.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 23,279 shares of the company’s stock worth $1,055,000 after purchasing an additional 7,962 shares in the last quarter. First Foundation Advisors bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at about $204,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Fidelity High Dividend ETF by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 222,397 shares of the company’s stock valued at $10,404,000 after purchasing an additional 762 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity High Dividend ETF by 20.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 247,198 shares of the company’s stock valued at $11,564,000 after purchasing an additional 41,719 shares in the last quarter.

Fidelity High Dividend ETF Trading Down 0.8 %

NYSEARCA:FDVV opened at $50.35 on Friday. The business’s 50-day moving average is $50.33 and its 200 day moving average is $48.02. Fidelity High Dividend ETF has a 12 month low of $37.33 and a 12 month high of $51.81. The company has a market capitalization of $2.91 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.