Sowell Financial Services LLC Makes New $2.07 Million Investment in Fidelity High Dividend ETF $FDVV

Sowell Financial Services LLC bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,091 shares of the company’s stock, valued at approximately $2,070,000.

A number of other institutional investors have also recently modified their holdings of the stock. Retirement Planning Group LLC purchased a new position in Fidelity High Dividend ETF in the 3rd quarter worth approximately $176,774,000. Baer Investment Advisory LLC purchased a new stake in Fidelity High Dividend ETF during the 1st quarter valued at $30,326,000. Royal Bank of Canada boosted its stake in Fidelity High Dividend ETF by 246.4% during the 1st quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock valued at $32,881,000 after purchasing an additional 423,383 shares during the last quarter. Summit Financial Wealth Advisors LLC purchased a new stake in Fidelity High Dividend ETF during the 3rd quarter valued at $17,577,000. Finally, Cetera Investment Advisers increased its holdings in shares of Fidelity High Dividend ETF by 15.7% in the 1st quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after purchasing an additional 273,148 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

FDVV stock opened at $62.11 on Friday. The stock has a market capitalization of $10.45 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1-year low of $53.77 and a 1-year high of $64.54. The business has a fifty day moving average price of $62.20 and a 200-day moving average price of $60.24.

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.