Fidelity High Dividend ETF $FDVV Stock Position Raised by Fortitude Financial LLC

Fortitude Financial LLC increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 824.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,949 shares of the company’s stock after buying an additional 40,977 shares during the quarter. Fidelity High Dividend ETF comprises 1.3% of Fortitude Financial LLC’s holdings, making the stock its 11th largest position. Fortitude Financial LLC’s holdings in Fidelity High Dividend ETF were worth $2,790,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new position in Fidelity High Dividend ETF in the first quarter valued at approximately $36,000. Horrell Capital Management Inc. purchased a new position in shares of Fidelity High Dividend ETF during the 3rd quarter worth $46,000. Bessemer Group Inc. purchased a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth $56,000. Meramec Financial Planners LLC purchased a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth $63,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter worth about $90,000.

Fidelity High Dividend ETF Stock Down 0.5%

Shares of FDVV traded down $0.31 during trading on Monday, reaching $61.37. 477,454 shares of the company traded hands, compared to its average volume of 856,333. The stock has a 50-day simple moving average of $62.51 and a 200-day simple moving average of $61.08. Fidelity High Dividend ETF has a twelve month low of $53.77 and a twelve month high of $64.54. The stock has a market cap of $10.30 billion, a PE ratio of 17.18 and a beta of 0.86.

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.