Fidelity High Dividend ETF $FDVV Shares Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lifted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 485.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,635 shares of the company’s stock after acquiring an additional 19,597 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $1,306,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Base Wealth Management LLC raised its stake in Fidelity High Dividend ETF by 27.5% during the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock valued at $8,167,000 after purchasing an additional 31,041 shares during the period. North Star Asset Management Inc. purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at $482,000. Savvy Advisors Inc. boosted its position in shares of Fidelity High Dividend ETF by 55.6% in the fourth quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock worth $2,862,000 after buying an additional 18,037 shares during the period. Sovran Advisors LLC boosted its position in shares of Fidelity High Dividend ETF by 214.7% in the fourth quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock worth $1,999,000 after buying an additional 23,725 shares during the period. Finally, Childress Capital Advisors LLC grew its holdings in shares of Fidelity High Dividend ETF by 4.8% during the fourth quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after buying an additional 36,855 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 0.4%

NYSEARCA:FDVV opened at $60.34 on Tuesday. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1-year low of $51.69 and a 1-year high of $62.06. The business’s fifty day moving average price is $60.09 and its 200 day moving average price is $58.30.

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.