Private Advisor Group LLC Has $4.30 Million Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Private Advisor Group LLC increased its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 26.2% during the third quarter, Holdings Channel reports. The firm owned 84,878 shares of the company’s stock after acquiring an additional 17,614 shares during the period. Private Advisor Group LLC’s holdings in Fidelity High Dividend ETF were worth $4,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF in the 1st quarter valued at about $35,000. Hantz Financial Services Inc. bought a new position in Fidelity High Dividend ETF in the second quarter valued at approximately $51,000. ICA Group Wealth Management LLC raised its position in Fidelity High Dividend ETF by 105.5% during the second quarter. ICA Group Wealth Management LLC now owns 3,029 shares of the company’s stock valued at $142,000 after purchasing an additional 1,555 shares in the last quarter. Valley National Advisers Inc. lifted its stake in Fidelity High Dividend ETF by 19.1% during the first quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock worth $137,000 after purchasing an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Fidelity High Dividend ETF by 6,777.4% in the 2nd quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock valued at $199,000 after purchasing an additional 4,202 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV opened at $50.96 on Monday. Fidelity High Dividend ETF has a 52-week low of $36.94 and a 52-week high of $51.81. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The business’s fifty day moving average is $50.21 and its 200-day moving average is $47.87.

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.