Lakeridge Wealth Management LLC Acquires 18,135 Shares of Fidelity High Dividend ETF $FDVV

Lakeridge Wealth Management LLC increased its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 335,907 shares of the company’s stock after purchasing an additional 18,135 shares during the period. Fidelity High Dividend ETF comprises approximately 8.0% of Lakeridge Wealth Management LLC’s holdings, making the stock its largest holding. Lakeridge Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $17,474,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in Fidelity High Dividend ETF by 10.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock worth $170,548,000 after buying an additional 324,452 shares during the period. LPL Financial LLC increased its position in shares of Fidelity High Dividend ETF by 19.7% during the first quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock worth $109,164,000 after acquiring an additional 362,424 shares in the last quarter. Retirement Planning Group LLC raised its holdings in shares of Fidelity High Dividend ETF by 9.3% during the second quarter. Retirement Planning Group LLC now owns 1,997,711 shares of the company’s stock worth $103,921,000 after acquiring an additional 170,094 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity High Dividend ETF by 21.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,648,459 shares of the company’s stock worth $85,753,000 after acquiring an additional 287,066 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Fidelity High Dividend ETF by 62.6% in the 1st quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock valued at $44,854,000 after acquiring an additional 347,988 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 0.8%

FDVV stock opened at $56.11 on Tuesday. The stock has a 50-day moving average price of $55.60 and a two-hundred day moving average price of $53.28. The stock has a market cap of $7.37 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $56.81.

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.