Concourse Financial Group Securities Inc. Purchases 6,314 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Concourse Financial Group Securities Inc. boosted its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 18.2% in the 4th quarter, HoldingsChannel reports. The firm owned 41,042 shares of the company’s stock after buying an additional 6,314 shares during the period. Concourse Financial Group Securities Inc.’s holdings in Fidelity High Dividend ETF were worth $2,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidemark LLC bought a new position in shares of Fidelity High Dividend ETF in the fourth quarter valued at approximately $29,000. Roxbury Financial LLC bought a new position in Fidelity High Dividend ETF in the 4th quarter valued at $62,000. Archer Investment Corp acquired a new position in Fidelity High Dividend ETF in the fourth quarter worth $98,000. Avion Wealth bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $128,000. Finally, Financial Perspectives Inc acquired a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at $168,000.

Fidelity High Dividend ETF Stock Up 0.9 %

Shares of NYSEARCA FDVV opened at $46.56 on Friday. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $52.78. The firm’s 50-day simple moving average is $49.23 and its 200 day simple moving average is $50.42. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 15.53 and a beta of 0.93.

Fidelity High Dividend ETF Company 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.