StoneX Group Inc. Purchases New Holdings in Fidelity High Dividend ETF $FDVV

StoneX Group Inc. acquired a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,248 shares of the company’s stock, valued at approximately $562,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDVV. Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity High Dividend ETF in the third quarter worth about $193,871,000. Retirement Planning Group LLC bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at about $176,774,000. Royal Bank of Canada grew its holdings in shares of Fidelity High Dividend ETF by 246.4% during the first quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock worth $32,881,000 after purchasing an additional 423,383 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Fidelity High Dividend ETF by 24.2% during the third quarter. Kestra Advisory Services LLC now owns 1,788,968 shares of the company’s stock worth $108,644,000 after purchasing an additional 348,680 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Fidelity High Dividend ETF in the third quarter worth approximately $18,322,000.

Fidelity High Dividend ETF Trading Up 0.6%

FDVV stock opened at $62.70 on Thursday. The company’s 50 day moving average is $62.09 and its 200 day moving average is $60.45. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 18.94 and a beta of 0.87. Fidelity High Dividend ETF has a 1-year low of $53.77 and a 1-year high of $64.54.

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.