Pacific Financial Group Inc. Makes New Investment in Fidelity High Dividend ETF $FDVV

Pacific Financial Group Inc. bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 42,636 shares of the company’s stock, valued at approximately $2,417,000. Fidelity High Dividend ETF makes up about 1.3% of Pacific Financial Group Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Several other large investors have also bought and sold shares of the company. LPL Financial LLC raised its holdings in Fidelity High Dividend ETF by 36.8% in the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after buying an additional 1,655,768 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Fidelity High Dividend ETF by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock worth $172,035,000 after buying an additional 75,387 shares during the last quarter. Morgan Stanley raised its holdings in Fidelity High Dividend ETF by 7.6% in the fourth quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock worth $142,860,000 after buying an additional 177,157 shares during the last quarter. Retirement Planning Group LLC raised its holdings in Fidelity High Dividend ETF by 5.3% in the fourth quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock worth $131,224,000 after buying an additional 115,547 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after buying an additional 572,218 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of Fidelity High Dividend ETF stock opened at $61.76 on Wednesday. The stock has a market capitalization of $9.60 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52-week low of $50.53 and a 52-week high of $62.06. The company has a 50-day simple moving average of $59.52 and a two-hundred day simple moving average of $58.08.

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.