Atlas Private Wealth Advisors Purchases Shares of 5,630 Fidelity High Dividend ETF $FDVV

Atlas Private Wealth Advisors purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 2nd quarter, Holdings Channel reports. The firm purchased 5,630 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings in Fidelity High Dividend ETF by 10.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock valued at $170,548,000 after buying an additional 324,452 shares during the period. LPL Financial LLC grew its holdings in Fidelity High Dividend ETF by 19.7% in the 1st quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock valued at $109,164,000 after buying an additional 362,424 shares during the period. Retirement Planning Group LLC grew its holdings in shares of Fidelity High Dividend ETF by 9.3% during the 2nd quarter. Retirement Planning Group LLC now owns 1,997,711 shares of the company’s stock worth $103,921,000 after purchasing an additional 170,094 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity High Dividend ETF by 21.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,648,459 shares of the company’s stock worth $85,753,000 after purchasing an additional 287,066 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of Fidelity High Dividend ETF by 62.6% during the 1st quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock worth $44,854,000 after purchasing an additional 347,988 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA:FDVV opened at $55.99 on Friday. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $56.81. The stock has a market capitalization of $7.33 billion, a P/E ratio of 17.18 and a beta of 0.92. The stock has a 50-day simple moving average of $55.53 and a 200-day simple moving average of $52.85.

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.