Fidelity High Dividend ETF $FDVV Shares Bought by Fortitude Financial LLC

Fortitude Financial LLC grew its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 824.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,949 shares of the company’s stock after purchasing an additional 40,977 shares during the quarter. Fidelity High Dividend ETF makes up approximately 1.3% of Fortitude Financial LLC’s investment portfolio, making the stock its 11th largest position. Fortitude Financial LLC’s holdings in Fidelity High Dividend ETF were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity High Dividend ETF by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,581,834 shares of the company’s stock valued at $155,659,000 after acquiring an additional 148,465 shares during the period. Retirement Planning Group LLC raised its stake in shares of Fidelity High Dividend ETF by 9.4% in the first quarter. Retirement Planning Group LLC now owns 2,532,542 shares of the company’s stock worth $139,898,000 after purchasing an additional 217,772 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Fidelity High Dividend ETF by 4.6% in the 1st quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock valued at $130,765,000 after acquiring an additional 104,028 shares during the last quarter. Cetera Investment Advisers grew its position in Fidelity High Dividend ETF by 15.7% during the 1st quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after purchasing an additional 273,148 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in Fidelity High Dividend ETF by 16.6% during the first quarter. Kestra Advisory Services LLC now owns 1,077,418 shares of the company’s stock worth $59,517,000 after acquiring an additional 153,640 shares during the period.

Fidelity High Dividend ETF Trading Down 0.5%

Fidelity High Dividend ETF stock traded down $0.31 during mid-day trading on Monday, hitting $61.37. The company had a trading volume of 477,454 shares, compared to its average volume of 856,333. Fidelity High Dividend ETF has a 12-month low of $53.77 and a 12-month high of $64.54. The company’s fifty day moving average is $62.51 and its 200-day moving average is $61.08. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.