Retirement Planning Group LLC Increases Position in Fidelity High Dividend ETF $FDVV

Retirement Planning Group LLC boosted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,314,770 shares of the company’s stock after purchasing an additional 115,547 shares during the quarter. Fidelity High Dividend ETF accounts for 4.3% of Retirement Planning Group LLC’s investment portfolio, making the stock its 7th biggest holding. Retirement Planning Group LLC’s holdings in Fidelity High Dividend ETF were worth $131,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDVV. Royal Bank of Canada increased its stake in Fidelity High Dividend ETF by 6.0% in the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after buying an additional 6,174 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $320,000. Qube Research & Technologies Ltd increased its stake in Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after buying an additional 9,169 shares during the last quarter. NewEdge Advisors LLC increased its stake in Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock valued at $5,870,000 after buying an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV opened at $59.62 on Thursday. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52 week low of $48.15 and a 52 week high of $60.12. The firm has a 50-day moving average price of $57.23 and a two-hundred day moving average price of $57.14.

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.