Cornerstone Wealth LLC TN Invests $11.96 Million in Fidelity High Dividend ETF $FDVV

Cornerstone Wealth LLC TN purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 203,646 shares of the company’s stock, valued at approximately $11,960,000. Fidelity High Dividend ETF comprises 6.8% of Cornerstone Wealth LLC TN’s portfolio, making the stock its 2nd largest holding. Cornerstone Wealth LLC TN owned 0.13% of Fidelity High Dividend ETF at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FDVV. Base Wealth Management LLC grew its holdings in Fidelity High Dividend ETF by 27.5% during the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock worth $8,167,000 after acquiring an additional 31,041 shares during the period. Childress Capital Advisors LLC lifted its stake in shares of Fidelity High Dividend ETF by 4.8% in the 4th quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after purchasing an additional 36,855 shares during the period. Sovran Advisors LLC lifted its stake in shares of Fidelity High Dividend ETF by 214.7% in the 4th quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock valued at $1,999,000 after purchasing an additional 23,725 shares during the period. North Star Asset Management Inc. bought a new position in shares of Fidelity High Dividend ETF in the 4th quarter worth $482,000. Finally, Savvy Advisors Inc. boosted its position in shares of Fidelity High Dividend ETF by 55.6% in the 4th quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock worth $2,862,000 after purchasing an additional 18,037 shares during the last quarter.

Fidelity High Dividend ETF Stock Down 1.1%

Shares of Fidelity High Dividend ETF stock opened at $62.58 on Thursday. The business has a fifty day simple moving average of $61.32 and a 200 day simple moving average of $59.08. The stock has a market cap of $10.13 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $52.86 and a 12 month high of $63.43.

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.