Core Wealth Advisors LLC Makes New Investment in Fidelity High Dividend ETF $FDVV

Core Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 4th quarter, Holdings Channel reports. The institutional investor bought 298,584 shares of the company’s stock, valued at approximately $16,927,000. Fidelity High Dividend ETF comprises approximately 10.3% of Core Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other hedge funds have also added to or reduced their stakes in the stock. Retirement Planning Group LLC boosted its holdings in Fidelity High Dividend ETF by 5.3% in the fourth quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock worth $131,224,000 after acquiring an additional 115,547 shares in the last quarter. Bank of America Corp DE boosted its holdings in Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after acquiring an additional 572,218 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity High Dividend ETF by 11.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,840,363 shares of the company’s stock worth $102,527,000 after acquiring an additional 191,904 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Fidelity High Dividend ETF by 62.2% in the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after acquiring an additional 635,591 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity High Dividend ETF by 12.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,088,010 shares of the company’s stock worth $61,679,000 after acquiring an additional 121,663 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 0.9%

Fidelity High Dividend ETF stock opened at $61.64 on Friday. The business’s fifty day simple moving average is $58.02 and its two-hundred day simple moving average is $57.62. Fidelity High Dividend ETF has a 12 month low of $49.84 and a 12 month high of $61.73. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.