Florida Financial Advisors LLC Has $1.08 Million Stock Position in Fidelity High Dividend ETF $FDVV

Florida Financial Advisors LLC raised its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 348.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,498 shares of the company’s stock after acquiring an additional 15,149 shares during the period. Florida Financial Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $1,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $25,000. Monetary Solutions Ltd bought a new stake in Fidelity High Dividend ETF in the 4th quarter valued at $26,000. Darwin Wealth Management LLC bought a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at $27,000. Optima Capital LLC acquired a new position in Fidelity High Dividend ETF in the 4th quarter worth $33,000. Finally, Global Assets Advisory LLC acquired a new position in Fidelity High Dividend ETF in the 1st quarter worth $36,000.

Fidelity High Dividend ETF Trading Down 0.6%

FDVV stock opened at $61.76 on Tuesday. The stock has a 50-day moving average price of $60.91 and a two-hundred day moving average price of $58.80. Fidelity High Dividend ETF has a 1 year low of $52.86 and a 1 year high of $62.71. The stock has a market cap of $9.96 billion, a PE 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.