Thrivent Financial for Lutherans Boosts Stake in Fidelity High Dividend ETF $FDVV

Thrivent Financial for Lutherans raised its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,267 shares of the company’s stock after acquiring an additional 21,548 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of Fidelity High Dividend ETF worth $9,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. lifted its stake in shares of Fidelity High Dividend ETF by 62.2% in the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after acquiring an additional 635,591 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after acquiring an additional 572,218 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Fidelity High Dividend ETF in the third quarter worth about $28,056,000. Jane Street Group LLC raised its stake in Fidelity High Dividend ETF by 301.9% during the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after buying an additional 394,131 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Fidelity High Dividend ETF by 271.0% during the third quarter. Private Advisor Group LLC now owns 399,413 shares of the company’s stock valued at $22,251,000 after buying an additional 291,754 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 0.2%

Shares of NYSEARCA FDVV opened at $59.39 on Wednesday. The stock’s 50 day moving average price is $57.37 and its two-hundred day moving average price is $57.35. Fidelity High Dividend ETF has a 52-week low of $49.10 and a 52-week high of $60.12. The stock has a market capitalization of $9.24 billion, a P/E 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.