147,822 Shares of Fidelity High Dividend ETF $FDVV Bought by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 147,822 shares of the company’s stock, valued at approximately $8,977,000. Fidelity High Dividend ETF comprises about 2.5% of Investment Advisory Services Inc. TX ADV’s holdings, making the stock its 9th largest holding.

A number of other hedge funds have also made changes to their positions in FDVV. Foresight Capital Management Advisors Inc. bought a new position in shares of Fidelity High Dividend ETF in the 3rd quarter valued at approximately $4,387,000. Oakworth Capital Inc. acquired a new stake in shares of Fidelity High Dividend ETF in the third quarter worth $42,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Fidelity High Dividend ETF in the third quarter worth $6,874,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of Fidelity High Dividend ETF by 23.5% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 29,952 shares of the company’s stock worth $1,819,000 after buying an additional 5,699 shares during the period. Finally, Sigma Planning Corp bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter worth $3,275,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $62.53 on Wednesday. The company has a market capitalization of $10.52 billion, a PE ratio of 17.18 and a beta of 0.86. The company’s fifty day moving average price is $62.26 and its 200 day moving average price is $60.16. Fidelity High Dividend ETF has a one year low of $53.77 and a one year high of $64.54.

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.