Sowell Financial Services LLC purchased a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 34,091 shares of the company’s stock, valued at approximately $2,070,000.
Other hedge funds have also bought and sold shares of the company. Retirement Planning Group LLC bought a new position in Fidelity High Dividend ETF in the 3rd quarter valued at $176,774,000. Baer Investment Advisory LLC bought a new stake in shares of Fidelity High Dividend ETF during the 1st quarter worth $30,326,000. Royal Bank of Canada raised its stake in shares of Fidelity High Dividend ETF by 246.4% during the 1st quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock worth $32,881,000 after purchasing an additional 423,383 shares during the period. Summit Financial Wealth Advisors LLC bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter worth $17,577,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Fidelity High Dividend ETF by 15.7% in the 1st quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after buying an additional 273,148 shares during the last quarter.
Fidelity High Dividend ETF Stock Performance
Shares of NYSEARCA:FDVV opened at $62.43 on Friday. The company has a market capitalization of $10.50 billion, a P/E ratio of 17.18 and a beta of 0.86. The company’s 50-day moving average is $62.35 and its 200 day moving average is $61.26. Fidelity High Dividend ETF has a fifty-two week low of $53.77 and a fifty-two week high of $64.54.
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.
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