Blue Water Asset Management Buys New Position in Fidelity High Dividend ETF $FDVV

Blue Water Asset Management purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,204 shares of the company’s stock, valued at approximately $805,000.

Several other large investors have also recently added to or reduced their stakes in FDVV. Royal Bank of Canada raised its holdings in Fidelity High Dividend ETF by 6.0% in the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after acquiring an additional 6,174 shares in the last quarter. Brown Advisory Inc. acquired a new position in Fidelity High Dividend ETF in the 2nd quarter valued at approximately $320,000. Qube Research & Technologies Ltd raised its holdings in Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after acquiring an additional 9,169 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock valued at $5,870,000 after acquiring an additional 37,501 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the 2nd quarter valued at approximately $27,000.

Fidelity High Dividend ETF Stock Down 1.2%

Fidelity High Dividend ETF stock opened at $59.26 on Friday. The business has a 50 day moving average price of $57.30 and a two-hundred day moving average price of $57.30. The stock has a market cap of $9.21 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 $49.10 and a 12 month high of $60.12.

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.