Fidelity High Dividend ETF $FDVV Position Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 8.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,702 shares of the company’s stock after purchasing an additional 8,392 shares during the period. NewEdge Advisors LLC owned 0.07% of Fidelity High Dividend ETF worth $5,949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its holdings in Fidelity High Dividend ETF by 330.2% during the 1st quarter. Glenmede Trust Co. NA now owns 2,366 shares of the company’s stock worth $131,000 after buying an additional 1,816 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its holdings in shares of Fidelity High Dividend ETF by 23.7% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 84,190 shares of the company’s stock valued at $4,651,000 after acquiring an additional 16,146 shares during the last quarter. Leigh Baldwin & CO. LLC increased its holdings in shares of Fidelity High Dividend ETF by 10.5% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 16,769 shares of the company’s stock valued at $926,000 after acquiring an additional 1,593 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $129,000. Finally, McIlrath & Eck LLC raised its position in shares of Fidelity High Dividend ETF by 8.3% during the 1st quarter. McIlrath & Eck LLC now owns 736,989 shares of the company’s stock valued at $40,711,000 after acquiring an additional 56,295 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $63.78 on Tuesday. The stock has a market capitalization of $10.35 billion, a PE ratio of 17.18 and a beta of 0.86. The business’s fifty day moving average price is $61.73 and its 200 day moving average price is $59.43. Fidelity High Dividend ETF has a 12-month low of $53.77 and a 12-month high of $64.40.

Fidelity High Dividend ETF 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.