Fidelity High Dividend ETF $FDVV Stock: Flagship Wealth Advisors LLC Grows Stake

Flagship Wealth Advisors LLC raised its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,450 shares of the company’s stock after buying an additional 18,500 shares during the quarter. Fidelity High Dividend ETF comprises 4.4% of Flagship Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Flagship Wealth Advisors LLC owned approximately 0.20% of Fidelity High Dividend ETF worth $20,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FDVV. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity High Dividend ETF during the third quarter worth $193,871,000. Retirement Planning Group LLC bought a new stake in shares of Fidelity High Dividend ETF during the third quarter worth approximately $176,774,000. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,581,834 shares of the company’s stock worth $155,659,000 after acquiring an additional 148,465 shares during the period. Bank of America Corp DE grew its position in shares of Fidelity High Dividend ETF by 4.6% in the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock valued at $130,765,000 after purchasing an additional 104,028 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Fidelity High Dividend ETF by 15.7% during the first quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after purchasing an additional 273,148 shares during the period.

Fidelity High Dividend ETF Stock Down 0.6%

Shares of FDVV traded down $0.35 during midday trading on Friday, reaching $61.51. 611,452 shares of the stock were exchanged, compared to its average volume of 844,082. Fidelity High Dividend ETF has a twelve month low of $53.77 and a twelve month high of $64.54. The company has a market cap of $10.35 billion, a P/E ratio of 17.18 and a beta of 0.86. The stock’s 50 day simple moving average is $62.11 and its 200 day simple moving average is $60.37.

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.