IFP Advisors Inc Increases Stake in Fidelity High Dividend ETF $FDVV

IFP Advisors Inc grew its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 6.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 161,837 shares of the company’s stock after acquiring an additional 10,034 shares during the quarter. IFP Advisors Inc owned about 0.15% of Fidelity High Dividend ETF worth $8,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $34,000. Creekmur Asset Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $35,000. Bogart Wealth LLC boosted its position in shares of Fidelity High Dividend ETF by 299.5% during the 1st quarter. Bogart Wealth LLC now owns 803 shares of the company’s stock valued at $40,000 after acquiring an additional 602 shares during the last quarter. Finally, Private Trust Co. NA bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $45,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $55.66 on Friday. The company has a market capitalization of $7.12 billion, a P/E ratio of 17.18 and a beta of 1.01. Fidelity High Dividend ETF has a one year low of $42.81 and a one year high of $56.20. The stock has a 50 day moving average price of $55.04 and a 200-day moving average price of $51.83.

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.