Royal Bank of Canada Buys 423,383 Shares of Fidelity High Dividend ETF $FDVV

Royal Bank of Canada raised its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 246.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 595,227 shares of the company’s stock after buying an additional 423,383 shares during the quarter. Royal Bank of Canada owned about 0.38% of Fidelity High Dividend ETF worth $32,881,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of Fidelity High Dividend ETF by 36.8% during the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after acquiring an additional 1,655,768 shares in the last quarter. Raymond James Financial Inc. grew its position in Fidelity High Dividend ETF by 62.2% during the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after purchasing an additional 635,591 shares during the last quarter. Bank of America Corp DE increased its stake in Fidelity High Dividend ETF by 34.6% during the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after purchasing an additional 572,218 shares in the last quarter. Baer Investment Advisory LLC purchased a new position in Fidelity High Dividend ETF in the first quarter worth about $30,326,000. Finally, Jane Street Group LLC raised its holdings in Fidelity High Dividend ETF by 301.9% in the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after buying an additional 394,131 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $63.01 on Tuesday. The firm’s 50 day moving average price is $61.46 and its 200-day moving average price is $59.20. The company has a market cap of $10.23 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52-week low of $53.24 and a 52-week high of $63.43.

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.