Level Four Advisory Services LLC Raises Holdings in Fidelity High Dividend ETF $FDVV

Level Four Advisory Services LLC boosted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,222 shares of the company’s stock after purchasing an additional 4,117 shares during the period. Level Four Advisory Services LLC’s holdings in Fidelity High Dividend ETF were worth $2,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC raised its stake in Fidelity High Dividend ETF by 80.2% in the 1st quarter. HighTower Advisors LLC now owns 40,894 shares of the company’s stock worth $2,028,000 after acquiring an additional 18,196 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Fidelity High Dividend ETF by 34.3% in the second quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock worth $1,244,000 after purchasing an additional 6,102 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Fidelity High Dividend ETF by 4.8% during the second quarter. Allworth Financial LP now owns 547,991 shares of the company’s stock worth $28,506,000 after purchasing an additional 25,216 shares during the period. Advyzon Investment Management LLC purchased a new stake in Fidelity High Dividend ETF in the second quarter valued at approximately $344,000. Finally, Janney Montgomery Scott LLC boosted its position in Fidelity High Dividend ETF by 55.8% in the second quarter. Janney Montgomery Scott LLC now owns 53,594 shares of the company’s stock valued at $2,788,000 after buying an additional 19,196 shares during the last quarter.

Fidelity High Dividend ETF Trading Up 0.5%

FDVV opened at $57.01 on Friday. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $57.03. The firm has a 50 day moving average of $55.82 and a two-hundred day moving average of $53.97. The firm has a market capitalization of $7.49 billion, a PE ratio of 17.18 and a beta of 0.92.

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.