Financial Services Advisory Inc Acquires 970 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Financial Services Advisory Inc increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,008 shares of the company’s stock after purchasing an additional 970 shares during the period. Fidelity High Dividend ETF makes up 0.9% of Financial Services Advisory Inc’s investment portfolio, making the stock its 25th largest holding. Financial Services Advisory Inc’s holdings in Fidelity High Dividend ETF were worth $3,696,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in Fidelity High Dividend ETF in the 3rd quarter valued at $25,000. Roxbury Financial LLC purchased a new stake in Fidelity High Dividend ETF in the 4th quarter worth about $62,000. Glass Jacobson Investment Advisors llc purchased a new stake in Fidelity High Dividend ETF in the 3rd quarter worth about $75,000. Archer Investment Corp bought a new position in Fidelity High Dividend ETF in the 4th quarter worth about $98,000. Finally, Avion Wealth bought a new position in Fidelity High Dividend ETF in the 4th quarter worth about $128,000.

Fidelity High Dividend ETF Stock Up 1.1 %

Shares of NYSEARCA FDVV opened at $51.42 on Monday. Fidelity High Dividend ETF has a 52 week low of $43.34 and a 52 week high of $52.78. The business has a 50-day simple moving average of $50.83 and a two-hundred day simple moving average of $50.78. The company has a market cap of $4.88 billion, a P/E ratio of 19.05 and a beta of 1.02.

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.