Baker Avenue Asset Management LP Purchases 485 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Baker Avenue Asset Management LP raised its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,528 shares of the company’s stock after acquiring an additional 485 shares during the period. Baker Avenue Asset Management LP’s holdings in Fidelity High Dividend ETF were worth $226,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FDVV. Synovus Financial Corp bought a new position in shares of Fidelity High Dividend ETF during the 3rd quarter valued at $332,000. JPMorgan Chase & Co. boosted its position in Fidelity High Dividend ETF by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 246,157 shares of the company’s stock valued at $12,468,000 after buying an additional 52,434 shares during the period. International Assets Investment Management LLC bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at about $1,223,000. HBW Advisory Services LLC increased its holdings in shares of Fidelity High Dividend ETF by 7.0% in the fourth quarter. HBW Advisory Services LLC now owns 50,518 shares of the company’s stock worth $2,523,000 after buying an additional 3,296 shares during the period. Finally, City Center Advisors LLC bought a new stake in shares of Fidelity High Dividend ETF in the 4th quarter valued at about $223,000.

Fidelity High Dividend ETF Price Performance

FDVV opened at $48.54 on Tuesday. The stock’s 50 day simple moving average is $48.33 and its 200 day simple moving average is $50.16. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 16.43 and a beta of 0.93. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $52.78.

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.