Cornerstone Wealth Management LLC Increases Stake in Fidelity High Dividend ETF $FDVV

Cornerstone Wealth Management LLC boosted its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 183.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,891 shares of the company’s stock after purchasing an additional 12,879 shares during the period. Cornerstone Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $1,128,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FDVV. Darwin Wealth Management LLC purchased a new position in Fidelity High Dividend ETF in the 2nd quarter worth approximately $27,000. Optima Capital LLC purchased a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $33,000. Oakworth Capital Inc. increased its stake in Fidelity High Dividend ETF by 427.5% in the 3rd quarter. Oakworth Capital Inc. now owns 691 shares of the company’s stock worth $38,000 after purchasing an additional 560 shares during the period. Dunhill Financial LLC purchased a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $41,000. Finally, Cornerstone Planning Group LLC increased its stake in Fidelity High Dividend ETF by 641.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 816 shares of the company’s stock worth $47,000 after purchasing an additional 706 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of Fidelity High Dividend ETF stock opened at $59.26 on Friday. The business’s 50 day simple moving average is $57.30 and its two-hundred day simple moving average is $57.30. The stock has a market capitalization of $9.21 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a one year low of $49.10 and a one year high of $60.12.

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.