Redhawk Wealth Advisors Inc. Makes New $1.44 Million Investment in Fidelity High Dividend ETF $FDVV

Redhawk Wealth Advisors Inc. acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 2nd quarter, HoldingsChannel reports. The fund acquired 27,672 shares of the company’s stock, valued at approximately $1,439,000.

Several other hedge funds have also added to or reduced their stakes in the stock. HighTower Advisors LLC raised its position in shares of Fidelity High Dividend ETF by 80.2% in the first quarter. HighTower Advisors LLC now owns 40,894 shares of the company’s stock valued at $2,028,000 after purchasing an additional 18,196 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Fidelity High Dividend ETF by 17.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 49,805 shares of the company’s stock valued at $2,470,000 after purchasing an additional 7,400 shares during the period. Private Trust Co. NA bought a new stake in shares of Fidelity High Dividend ETF in the first quarter valued at approximately $45,000. NBC Securities Inc. raised its position in shares of Fidelity High Dividend ETF by 66,500.0% in the first quarter. NBC Securities Inc. now owns 4,662 shares of the company’s stock valued at $231,000 after purchasing an additional 4,655 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Fidelity High Dividend ETF by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 34,398 shares of the company’s stock valued at $1,706,000 after purchasing an additional 931 shares during the period.

Fidelity High Dividend ETF Stock Up 0.0%

NYSEARCA FDVV opened at $55.58 on Friday. The company’s 50 day moving average is $54.41 and its 200-day moving average is $51.24. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $55.85. The firm has a market cap of $6.38 billion, a P/E ratio of 17.18 and a beta of 1.01.

Fidelity High Dividend ETF Company 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.