Fidelity High Dividend ETF $FDVV is Independence Financial Advisors LLC’s 7th Largest Position

Independence Financial Advisors LLC increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 295,150 shares of the company’s stock after purchasing an additional 9,764 shares during the period. Fidelity High Dividend ETF accounts for 4.6% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 7th largest position. Independence Financial Advisors LLC owned about 0.21% of Fidelity High Dividend ETF worth $16,732,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. Ballew Advisors Inc raised its holdings in shares of Fidelity High Dividend ETF by 0.7% during the 3rd quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock valued at $1,632,000 after buying an additional 193 shares in the last quarter. Melfa Wealth Management Inc. raised its holdings in Fidelity High Dividend ETF by 1.1% in the 3rd quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock worth $1,066,000 after purchasing an additional 212 shares in the last quarter. Archer Investment Corp boosted its position in Fidelity High Dividend ETF by 7.2% during the 3rd quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock valued at $179,000 after acquiring an additional 217 shares in the last quarter. GWN Securities Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 3.2% during the 3rd quarter. GWN Securities Inc. now owns 8,081 shares of the company’s stock valued at $450,000 after buying an additional 252 shares in the last quarter. Finally, Fairvoy Private Wealth LLC grew its stake in shares of Fidelity High Dividend ETF by 4.0% in the 4th quarter. Fairvoy Private Wealth LLC now owns 8,052 shares of the company’s stock worth $456,000 after buying an additional 313 shares during the last quarter.

Fidelity High Dividend ETF Trading Up 2.4%

FDVV stock opened at $55.24 on Wednesday. The stock has a market capitalization of $8.05 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $60.12. The stock’s 50 day simple moving average is $57.65 and its 200 day simple moving average is $56.75.

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.