Uptick Partners LLC Makes New $2.90 Million Investment in Fidelity High Dividend ETF $FDVV

Uptick Partners LLC bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 51,208 shares of the company’s stock, valued at approximately $2,903,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada grew its stake in 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 valued at $5,373,000 after acquiring an additional 6,174 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Fidelity High Dividend ETF in the 2nd quarter worth approximately $320,000. Qube Research & Technologies Ltd boosted its holdings in Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after purchasing an additional 9,169 shares during the period. NewEdge Advisors LLC boosted its holdings in Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock valued at $5,870,000 after purchasing an additional 37,501 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF during the 2nd quarter valued at $27,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV opened at $59.07 on Friday. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 17.18 and a beta of 0.87. The stock has a fifty day moving average of $57.24 and a 200 day moving average of $57.06. Fidelity High Dividend ETF has a 52-week low of $48.02 and a 52-week high of $60.12.

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.