Investment Advisory Services Group LLC Acquires 11,068 Shares of Fidelity High Dividend ETF $FDVV

Investment Advisory Services Group LLC raised its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,308 shares of the company’s stock after buying an additional 11,068 shares during the period. Fidelity High Dividend ETF comprises approximately 6.1% of Investment Advisory Services Group LLC’s investment portfolio, making the stock its 4th biggest holding. Investment Advisory Services Group LLC’s holdings in Fidelity High Dividend ETF were worth $7,032,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Fidelity High Dividend ETF by 6.0% in the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after purchasing an additional 6,174 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Fidelity High Dividend ETF during the 2nd quarter worth about $320,000. Qube Research & Technologies Ltd grew its stake 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 buying an additional 9,169 shares during the last quarter. NewEdge Advisors LLC grew its stake 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 buying an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000.

Fidelity High Dividend ETF Trading Up 0.7%

FDVV stock traded up $0.42 during mid-day trading on Tuesday, hitting $61.96. 188,775 shares of the company were exchanged, compared to its average volume of 930,364. Fidelity High Dividend ETF has a 1-year low of $52.48 and a 1-year high of $62.06. The stock has a market capitalization of $10.01 billion, a PE ratio of 17.18 and a beta of 0.86. The business has a 50 day simple moving average of $60.31 and a 200-day simple moving average of $58.44.

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.