Level Four Advisory Services LLC Grows Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Level Four Advisory Services LLC increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 9.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 39,148 shares of the company’s stock after purchasing an additional 3,303 shares during the period. Level Four Advisory Services LLC’s holdings in Fidelity High Dividend ETF were worth $1,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of Fidelity High Dividend ETF by 12.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,114,014 shares of the company’s stock valued at $155,514,000 after acquiring an additional 345,433 shares during the period. LPL Financial LLC grew its stake in shares of Fidelity High Dividend ETF by 96.5% in the fourth quarter. LPL Financial LLC now owns 1,838,464 shares of the company’s stock worth $91,813,000 after purchasing an additional 902,912 shares during the last quarter. Independent Advisor Alliance purchased a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $44,154,000. Childress Capital Advisors LLC raised its position in Fidelity High Dividend ETF by 0.4% during the 4th quarter. Childress Capital Advisors LLC now owns 762,686 shares of the company’s stock valued at $38,089,000 after purchasing an additional 2,977 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its holdings in Fidelity High Dividend ETF by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 578,875 shares of the company’s stock worth $29,320,000 after buying an additional 74,731 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $49.12 on Friday. Fidelity High Dividend ETF has a fifty-two week low of $43.34 and a fifty-two week high of $52.78. The firm has a market cap of $4.64 billion, a P/E ratio of 17.44 and a beta of 1.02. The business’s 50 day moving average price is $50.73 and its 200-day moving average price is $50.85.

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.