Royal Bank of Canada Acquires 423,383 Shares of Fidelity High Dividend ETF $FDVV

Royal Bank of Canada lifted its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 246.4% in the 1st quarter, HoldingsChannel reports. The firm owned 595,227 shares of the company’s stock after acquiring an additional 423,383 shares during the period. Royal Bank of Canada’s holdings in Fidelity High Dividend ETF were worth $32,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FDVV. Federation des caisses Desjardins du Quebec purchased a new position in Fidelity High Dividend ETF during the fourth quarter valued at $25,000. Monetary Solutions Ltd purchased a new stake in Fidelity High Dividend ETF in the fourth quarter worth about $26,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF in the second quarter worth about $27,000. Optima Capital LLC bought a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth about $33,000. Finally, Global Assets Advisory LLC bought a new position in shares of Fidelity High Dividend ETF in the first quarter worth about $36,000.

Fidelity High Dividend ETF Trading Up 0.7%

Shares of NYSEARCA:FDVV opened at $63.01 on Tuesday. The stock has a 50 day moving average of $61.46 and a 200 day moving average of $59.20. The company has a market cap of $10.23 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12-month low of $53.24 and a 12-month high of $63.43.

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.