ZEGA Investments LLC Buys New Shares in Fidelity High Dividend ETF (NYSEARCA:FDVV)

ZEGA Investments LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,407 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors have also added to or reduced their stakes in the company. BluePointe Capital Management LLC increased its position in shares of Fidelity High Dividend ETF by 9.6% during the 4th quarter. BluePointe Capital Management LLC now owns 138,759 shares of the company’s stock valued at $6,930,000 after purchasing an additional 12,187 shares during the last quarter. SageOak Financial LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at approximately $992,000. Thrivent Financial for Lutherans grew its position in Fidelity High Dividend ETF by 613.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 34,486 shares of the company’s stock valued at $1,722,000 after acquiring an additional 29,654 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at approximately $1,963,000. Finally, Valued Retirements Inc. grew its position in Fidelity High Dividend ETF by 27.0% during the fourth quarter. Valued Retirements Inc. now owns 70,590 shares of the company’s stock valued at $3,525,000 after acquiring an additional 15,011 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV stock opened at $49.65 on Friday. Fidelity High Dividend ETF has a 52 week low of $43.34 and a 52 week high of $52.78. The firm’s fifty day moving average is $50.77 and its 200 day moving average is $50.81. The firm has a market cap of $4.69 billion, a P/E ratio of 17.44 and a beta of 1.02.

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.