Flow Traders U.S. LLC Takes $3.11 Million Position in Fidelity High Dividend ETF $FDVV

Flow Traders U.S. LLC purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,738 shares of the company’s stock, valued at approximately $3,105,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised its holdings in shares of Fidelity High Dividend ETF by 34.3% in the 2nd quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock worth $1,244,000 after buying an additional 6,102 shares in the last quarter. Dentgroup LLC boosted its stake in Fidelity High Dividend ETF by 35.6% in the 3rd quarter. Dentgroup LLC now owns 204,125 shares of the company’s stock valued at $11,372,000 after buying an additional 53,547 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at $626,000. Advisory Services Network LLC grew its position in Fidelity High Dividend ETF by 15.3% in the second quarter. Advisory Services Network LLC now owns 157,024 shares of the company’s stock valued at $8,405,000 after acquiring an additional 20,797 shares during the period. Finally, Global Retirement Partners LLC grew its position in Fidelity High Dividend ETF by 23.4% in the third quarter. Global Retirement Partners LLC now owns 92,881 shares of the company’s stock valued at $5,174,000 after acquiring an additional 17,608 shares during the period.

Fidelity High Dividend ETF Price Performance

Fidelity High Dividend ETF stock opened at $56.60 on Tuesday. The firm has a market capitalization of $8.25 billion, a P/E ratio of 17.18 and a beta of 0.92. The stock has a fifty day moving average price of $58.13 and a two-hundred day moving average price of $56.76. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $60.12.

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.