Fidelity High Dividend ETF $FDVV Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 58.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,723 shares of the company’s stock after purchasing an additional 70,676 shares during the quarter. Kestra Investment Management LLC’s holdings in Fidelity High Dividend ETF were worth $10,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FDVV. Royal Bank of Canada increased its stake in Fidelity High Dividend ETF by 6.0% in the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after purchasing an additional 6,174 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Fidelity High Dividend ETF during the second quarter valued at about $320,000. Qube Research & Technologies Ltd grew its position in Fidelity High Dividend ETF by 95.6% during the second 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 during the period. NewEdge Advisors LLC grew its position in Fidelity High Dividend ETF by 49.8% during the second 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 during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Fidelity High Dividend ETF during the second quarter valued at about $27,000.

Fidelity High Dividend ETF Stock Performance

FDVV stock opened at $60.70 on Tuesday. The stock has a 50-day moving average price of $57.64 and a two-hundred day moving average price of $57.47. Fidelity High Dividend ETF has a 12-month low of $49.10 and a 12-month high of $60.78. The company has a market cap of $9.44 billion, a PE ratio of 17.18 and a beta of 0.86.

Fidelity High Dividend ETF Company 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.