Per Stirling Capital Management LLC. Acquires New Stake in Fidelity High Dividend ETF $FDVV

Per Stirling Capital Management LLC. bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the third quarter, HoldingsChannel.com reports. The firm bought 228,660 shares of the company’s stock, valued at approximately $12,739,000. Fidelity High Dividend ETF accounts for 1.5% of Per Stirling Capital Management LLC.’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDVV. Royal Bank of Canada boosted its position in shares of 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 buying an additional 6,174 shares during the period. Assetmark Inc. lifted its stake in Fidelity High Dividend ETF by 80.5% in the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 211 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Fidelity High Dividend ETF during the 2nd quarter worth approximately $65,000. Soltis Investment Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 1.7% during the 2nd quarter. Soltis Investment Advisors LLC now owns 21,507 shares of the company’s stock worth $1,119,000 after acquiring an additional 359 shares in the last quarter. Finally, Summit X LLC bought a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth approximately $1,085,000.

Fidelity High Dividend ETF Stock Down 0.9%

Shares of FDVV stock opened at $57.39 on Friday. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $60.12. The company’s fifty day simple moving average is $58.14 and its 200-day simple moving average is $56.65. The firm has a market cap of $8.37 billion, a PE ratio of 17.18 and a beta of 0.92.

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.