JPMorgan Chase & Co. Has $58.17 Million Position in Fidelity High Dividend ETF $FDVV

JPMorgan Chase & Co. grew its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 11.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,044,083 shares of the company’s stock after acquiring an additional 108,544 shares during the quarter. JPMorgan Chase & Co. owned 0.79% of Fidelity High Dividend ETF worth $58,166,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FDVV. Ballew Advisors Inc boosted its stake in Fidelity High Dividend ETF by 0.7% during the 3rd quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock worth $1,632,000 after acquiring an additional 193 shares during the last quarter. Melfa Wealth Management Inc. increased its stake in Fidelity High Dividend ETF by 1.1% in the third quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock valued at $1,066,000 after purchasing an additional 212 shares in the last quarter. Archer Investment Corp raised its holdings in Fidelity High Dividend ETF by 7.2% in the third quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock worth $179,000 after purchasing an additional 217 shares during the period. GWN Securities Inc. raised its holdings in Fidelity High Dividend ETF by 3.2% in the third quarter. GWN Securities Inc. now owns 8,081 shares of the company’s stock worth $450,000 after purchasing an additional 252 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Fidelity High Dividend ETF by 59.4% during the third quarter. TD Waterhouse Canada Inc. now owns 974 shares of the company’s stock worth $55,000 after purchasing an additional 363 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 0.3%

Shares of NYSEARCA FDVV opened at $55.62 on Friday. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $60.12. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The company’s fifty day moving average is $58.08 and its 200-day moving average is $56.75.

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.