von Borstel & Associates Inc. Invests $6.82 Million in Fidelity High Dividend ETF $FDVV

von Borstel & Associates Inc. purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 121,483 shares of the company’s stock, valued at approximately $6,816,000. Fidelity High Dividend ETF comprises about 1.0% of von Borstel & Associates Inc.’s investment portfolio, making the stock its 20th biggest position. von Borstel & Associates Inc. owned about 0.09% of Fidelity High Dividend ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ballew Advisors Inc raised its holdings in shares of Fidelity High Dividend ETF by 0.7% in the third quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock valued at $1,632,000 after buying an additional 193 shares during the last quarter. Melfa Wealth Management Inc. increased its position in Fidelity High Dividend ETF by 1.1% in the 3rd quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock valued at $1,066,000 after acquiring an additional 212 shares during the period. Archer Investment Corp raised its stake in Fidelity High Dividend ETF by 7.2% during the 3rd quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock valued at $179,000 after acquiring an additional 217 shares during the last quarter. GWN Securities Inc. raised its stake in Fidelity High Dividend ETF by 3.2% during the 3rd quarter. GWN Securities Inc. now owns 8,081 shares of the company’s stock valued at $450,000 after acquiring an additional 252 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Fidelity High Dividend ETF by 59.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 974 shares of the company’s stock valued at $55,000 after purchasing an additional 363 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.5%

NYSEARCA:FDVV opened at $56.14 on Friday. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $60.12. The stock’s 50 day simple moving average is $58.14 and its 200-day simple moving average is $56.73. The firm has a market cap of $8.19 billion, a P/E 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.