Spartan Wealth Advisory Services LLC Invests $635,000 in Fidelity High Dividend ETF $FDVV

Spartan Wealth Advisory Services LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,500 shares of the company’s stock, valued at approximately $635,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Federation des caisses Desjardins du Quebec purchased a new stake in Fidelity High Dividend ETF during the 4th quarter valued at approximately $25,000. Monetary Solutions Ltd bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth $26,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the second quarter worth $27,000. Optima Capital LLC bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth $33,000. Finally, Global Assets Advisory LLC purchased a new position in Fidelity High Dividend ETF during the first quarter valued at $36,000.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $62.16 on Monday. The company has a market cap of $10.02 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52-week low of $52.86 and a 52-week high of $62.71. The firm’s fifty day moving average is $60.86 and its two-hundred day moving average is $58.77.

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.