Envestnet Asset Management Inc. Has $102.53 Million Stock Position in Fidelity High Dividend ETF $FDVV

Envestnet Asset Management Inc. lifted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 11.6% during the third quarter, HoldingsChannel reports. The firm owned 1,840,363 shares of the company’s stock after acquiring an additional 191,904 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Fidelity High Dividend ETF were worth $102,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. raised its position in Fidelity High Dividend ETF by 80.5% during the second quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 211 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth about $27,000. MB Levis & Associates LLC bought a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at about $28,000. Evermay Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $31,000. Finally, TD Waterhouse Canada Inc. bought a new position in Fidelity High Dividend ETF during the second quarter worth about $32,000.

Fidelity High Dividend ETF Stock Up 1.9%

Shares of NYSEARCA FDVV opened at $59.62 on Friday. The business’s 50 day moving average price is $57.27 and its two-hundred day moving average price is $55.97. The company has a market cap of $8.69 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $59.73.

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.