IFP Advisors Inc Boosts Position in Fidelity High Dividend ETF $FDVV

IFP Advisors Inc boosted its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 20.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 211,646 shares of the company’s stock after buying an additional 35,691 shares during the quarter. IFP Advisors Inc owned 0.15% of Fidelity High Dividend ETF worth $11,998,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in Fidelity High Dividend ETF during the second quarter valued at approximately $27,000. Optima Capital LLC acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $33,000. Oakworth Capital Inc. raised its stake in shares of Fidelity High Dividend ETF by 427.5% during the 3rd quarter. Oakworth Capital Inc. now owns 691 shares of the company’s stock worth $38,000 after buying an additional 560 shares during the period. Dunhill Financial LLC acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $41,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Fidelity High Dividend ETF by 641.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 816 shares of the company’s stock worth $47,000 after buying an additional 706 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $59.39 on Wednesday. Fidelity High Dividend ETF has a 1-year low of $49.10 and a 1-year high of $60.12. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The stock has a 50 day simple moving average of $57.37 and a 200-day simple moving average of $57.35.

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.