KFG Wealth Management LLC Raises Stock Position in Fidelity High Dividend ETF $FDVV

KFG Wealth Management LLC boosted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 20.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 58,974 shares of the company’s stock after acquiring an additional 9,870 shares during the period. KFG Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $3,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of 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 valued at $349,246,000 after purchasing an additional 1,655,768 shares during the period. Raymond James Financial Inc. raised its position in shares of Fidelity High Dividend ETF by 62.2% during the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after purchasing an additional 635,591 shares during the last quarter. Bank of America Corp DE raised its position in shares of Fidelity High Dividend ETF by 34.6% during the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares during the last quarter. Jane Street Group LLC raised its position in shares of Fidelity High Dividend ETF by 301.9% during the 2nd quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after purchasing an additional 394,131 shares during the last quarter. Finally, Core Wealth Advisors LLC purchased a new position in Fidelity High Dividend ETF in the 4th quarter valued at about $16,927,000.

Fidelity High Dividend ETF Trading Up 0.1%

FDVV stock opened at $60.48 on Thursday. Fidelity High Dividend ETF has a 12-month low of $51.22 and a 12-month high of $62.06. The business’s 50-day moving average is $59.97 and its 200 day moving average is $58.23. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.