HighTower Advisors LLC Acquires 36,831 Shares of Fidelity High Dividend ETF $FDVV

HighTower Advisors LLC grew its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 44.1% during the third quarter, HoldingsChannel.com reports. The firm owned 120,371 shares of the company’s stock after acquiring an additional 36,831 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $6,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameritas Advisory Services LLC grew its position in Fidelity High Dividend ETF by 126.2% during the third quarter. Ameritas Advisory Services LLC now owns 23,517 shares of the company’s stock worth $1,310,000 after buying an additional 13,119 shares in the last quarter. Savvy Advisors Inc. lifted its position in shares of Fidelity High Dividend ETF by 85.4% during the 3rd quarter. Savvy Advisors Inc. now owns 32,445 shares of the company’s stock valued at $1,808,000 after acquiring an additional 14,948 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of Fidelity High Dividend ETF by 157.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 28,562 shares of the company’s stock valued at $1,591,000 after acquiring an additional 17,477 shares during the period. Stratos Investment Management LLC grew its holdings in shares of Fidelity High Dividend ETF by 25.0% during the 3rd quarter. Stratos Investment Management LLC now owns 300,073 shares of the company’s stock worth $16,717,000 after purchasing an additional 60,061 shares in the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of Fidelity High Dividend ETF in the third quarter worth $205,000.

Fidelity High Dividend ETF Stock Down 0.8%

FDVV opened at $59.16 on Tuesday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $60.12. The company has a 50-day simple moving average of $57.79 and a 200 day simple moving average of $56.42.

About Fidelity High Dividend ETF

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.