Northwestern Mutual Wealth Management Co. Has $61.68 Million Holdings in Fidelity High Dividend ETF $FDVV

Northwestern Mutual Wealth Management Co. grew its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,088,010 shares of the company’s stock after acquiring an additional 121,663 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.75% of Fidelity High Dividend ETF worth $61,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FDVV. Royal Bank of Canada increased its stake in shares of Fidelity High Dividend ETF by 6.0% in the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after acquiring an additional 6,174 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at about $320,000. Qube Research & Technologies Ltd increased its stake in shares of Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after acquiring an additional 9,169 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock valued at $5,870,000 after acquiring an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $61.64 on Friday. The stock has a market cap of $9.59 billion, a PE ratio of 17.18 and a beta of 0.86. The stock has a 50-day moving average of $58.02 and a 200-day moving average of $57.62. Fidelity High Dividend ETF has a one year low of $49.84 and a one year high of $61.73.

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.