Truist Financial Corp Increases Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Truist Financial Corp raised its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,128 shares of the company’s stock after purchasing an additional 26,993 shares during the quarter. Truist Financial Corp’s holdings in Fidelity High Dividend ETF were worth $6,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDVV. Melfa Wealth Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 1.5% in the fourth quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock worth $872,000 after acquiring an additional 258 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Fidelity High Dividend ETF by 5.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after acquiring an additional 260 shares in the last quarter. Ballew Advisors Inc grew its stake in shares of Fidelity High Dividend ETF by 1.0% in the fourth quarter. Ballew Advisors Inc now owns 27,908 shares of the company’s stock worth $1,380,000 after acquiring an additional 266 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 0.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock worth $2,047,000 after acquiring an additional 273 shares in the last quarter. Finally, Tandem Capital Management Corp ADV grew its stake in shares of Fidelity High Dividend ETF by 3.3% in the fourth quarter. Tandem Capital Management Corp ADV now owns 9,470 shares of the company’s stock worth $473,000 after acquiring an additional 300 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 1.1 %

NYSEARCA:FDVV opened at $51.73 on Friday. The company has a fifty day simple moving average of $50.73 and a two-hundred day simple moving average of $50.60. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 52 week low of $43.34 and a 52 week high of $52.78.

About Fidelity High Dividend ETF

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.