SHP Wealth Management Takes Position in Fidelity High Dividend ETF $FDVV

SHP Wealth Management acquired a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 192,861 shares of the company’s stock, valued at approximately $10,933,000. Fidelity High Dividend ETF accounts for about 0.9% of SHP Wealth Management’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Base Wealth Management LLC lifted its stake in Fidelity High Dividend ETF by 27.5% during the fourth quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock worth $8,167,000 after purchasing an additional 31,041 shares during the last quarter. Savvy Advisors Inc. increased its stake in Fidelity High Dividend ETF by 55.6% in the fourth quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock valued at $2,862,000 after purchasing an additional 18,037 shares during the last quarter. Sovran Advisors LLC increased its stake in Fidelity High Dividend ETF by 214.7% in the fourth quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock valued at $1,999,000 after purchasing an additional 23,725 shares during the last quarter. Childress Capital Advisors LLC increased its stake in Fidelity High Dividend ETF by 4.8% in the fourth quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after purchasing an additional 36,855 shares during the last quarter. Finally, Focus Financial Network Inc. acquired a new stake in Fidelity High Dividend ETF during the fourth quarter worth approximately $659,000.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA:FDVV opened at $60.59 on Friday. The company has a market capitalization of $9.42 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a twelve month low of $50.53 and a twelve month high of $62.06. The firm has a 50 day simple moving average of $59.79 and a 200-day simple moving average of $58.15.

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.