Marmo Financial Group LLC Buys 10,089 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Marmo Financial Group LLC increased its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 9.8% during the 1st quarter, Holdings Channel reports. The fund owned 113,315 shares of the company’s stock after purchasing an additional 10,089 shares during the quarter. Fidelity High Dividend ETF makes up approximately 3.1% of Marmo Financial Group LLC’s investment portfolio, making the stock its 10th biggest position. Marmo Financial Group LLC’s holdings in Fidelity High Dividend ETF were worth $5,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tidemark LLC acquired a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at $29,000. Roxbury Financial LLC acquired a new stake in Fidelity High Dividend ETF in the fourth quarter valued at $62,000. Glen Eagle Advisors LLC acquired a new stake in Fidelity High Dividend ETF in the fourth quarter valued at $100,000. Capital Analysts LLC raised its stake in Fidelity High Dividend ETF by 253.4% in the fourth quarter. Capital Analysts LLC now owns 3,043 shares of the company’s stock valued at $151,000 after buying an additional 2,182 shares in the last quarter. Finally, Financial Perspectives Inc acquired a new stake in Fidelity High Dividend ETF in the fourth quarter valued at $168,000.

Fidelity High Dividend ETF Price Performance

Fidelity High Dividend ETF stock opened at $51.14 on Friday. Fidelity High Dividend ETF has a 1-year low of $42.81 and a 1-year high of $52.78. The stock has a market cap of $5.31 billion, a PE ratio of 17.11 and a beta of 0.92. The stock’s fifty day moving average is $48.85 and its two-hundred day moving average is $49.93.

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.