Retirement Planning Group LLC Buys New Shares in Fidelity High Dividend ETF $FDVV

Retirement Planning Group LLC purchased a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the third quarter, HoldingsChannel reports. The fund purchased 2,910,814 shares of the company’s stock, valued at approximately $176,774,000. Fidelity High Dividend ETF comprises about 4.0% of Retirement Planning Group LLC’s portfolio, making the stock its 9th largest holding.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity High Dividend ETF by 6.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,581,834 shares of the company’s stock valued at $155,659,000 after purchasing an additional 148,465 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Fidelity High Dividend ETF by 4.6% in the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock worth $130,765,000 after purchasing an additional 104,028 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Fidelity High Dividend ETF by 15.7% in the first quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after purchasing an additional 273,148 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Fidelity High Dividend ETF by 16.6% in the first quarter. Kestra Advisory Services LLC now owns 1,077,418 shares of the company’s stock worth $59,517,000 after purchasing an additional 153,640 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Fidelity High Dividend ETF by 28.7% during the first quarter. Arkadios Wealth Advisors now owns 760,005 shares of the company’s stock worth $41,983,000 after purchasing an additional 169,507 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.5%

Shares of FDVV opened at $61.37 on Tuesday. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $53.77 and a 12 month high of $64.54. The firm has a fifty day simple moving average of $62.46 and a 200 day simple moving average of $61.12.

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.