North Star Asset Management Inc. Buys New Holdings in Fidelity High Dividend ETF $FDVV

North Star Asset Management Inc. bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, Holdings Channel reports. The fund bought 8,502 shares of the company’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDVV. Raymond James Financial Inc. boosted its holdings in Fidelity High Dividend ETF by 62.2% in the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after acquiring an additional 635,591 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Fidelity High Dividend ETF by 34.6% during the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Fidelity High Dividend ETF by 301.9% during the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after purchasing an additional 394,131 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Fidelity High Dividend ETF by 271.0% during the third quarter. Private Advisor Group LLC now owns 399,413 shares of the company’s stock worth $22,251,000 after purchasing an additional 291,754 shares in the last quarter. Finally, Per Stirling Capital Management LLC. acquired a new position in shares of Fidelity High Dividend ETF during the third quarter worth about $12,739,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $60.70 on Monday. The stock’s 50-day moving average is $57.55 and its two-hundred day moving average is $57.44. The stock has a market cap of $9.44 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $49.10 and a 12 month high of $60.78.

Fidelity High Dividend ETF Company 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.