Powers Advisory Group LLC Boosts Position in Fidelity High Dividend ETF $FDVV

Powers Advisory Group LLC boosted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 21.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,730 shares of the company’s stock after acquiring an additional 24,856 shares during the period. Fidelity High Dividend ETF accounts for about 2.7% of Powers Advisory Group LLC’s investment portfolio, making the stock its 11th largest position. Powers Advisory Group LLC owned about 0.09% of Fidelity High Dividend ETF worth $7,774,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Fidelity High Dividend ETF by 6.0% during the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after purchasing an additional 6,174 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of Fidelity High Dividend ETF during the 2nd quarter worth about $320,000. Qube Research & Technologies Ltd grew its stake 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 worth $976,000 after buying an additional 9,169 shares during the period. NewEdge Advisors LLC boosted its position in Fidelity High Dividend ETF by 49.8% during the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after purchasing an additional 37,501 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF in the second quarter valued at about $27,000.

Fidelity High Dividend ETF Stock Up 0.3%

FDVV opened at $60.12 on Friday. The firm’s 50 day moving average is $60.05 and its 200-day moving average is $58.27. The firm has a market capitalization of $9.35 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52-week low of $51.59 and a 52-week high of $62.06.

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.