Independent Financial Group LLC Takes Position in Fidelity High Dividend ETF $FDVV

Independent Financial Group LLC bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 62,041 shares of the company’s stock, valued at approximately $3,427,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec acquired a new stake in Fidelity High Dividend ETF in the fourth quarter valued at approximately $25,000. Monetary Solutions Ltd acquired a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth $26,000. Darwin Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the second quarter worth $27,000. Optima Capital LLC acquired a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth $33,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Fidelity High Dividend ETF in the first quarter valued at $36,000.

Fidelity High Dividend ETF Trading Down 0.8%

FDVV opened at $62.16 on Friday. The company has a fifty day simple moving average of $60.86 and a 200 day simple moving average of $58.76. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a twelve month low of $52.86 and a twelve month high of $62.71.

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.