Commonwealth Equity Services LLC Buys 3,192,336 Shares of Fidelity High Dividend ETF $FDVV

Commonwealth Equity Services LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,192,336 shares of the company’s stock, valued at approximately $193,871,000.

A number of other hedge funds and 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 during the third quarter valued at $176,774,000. Envestnet Asset Management Inc. lifted its stake in Fidelity High Dividend ETF by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,581,834 shares of the company’s stock worth $155,659,000 after purchasing an additional 148,465 shares in the last quarter. Bank of America Corp DE lifted its stake in Fidelity High Dividend ETF by 4.6% in the 1st quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock worth $130,765,000 after purchasing an additional 104,028 shares in the last quarter. Cetera Investment Advisers lifted its stake in 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. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Fidelity High Dividend ETF by 16.6% during the 1st quarter. Kestra Advisory Services LLC now owns 1,077,418 shares of the company’s stock valued at $59,517,000 after purchasing an additional 153,640 shares during the last quarter.

Fidelity High Dividend ETF Stock Down 3.1%

FDVV opened at $61.86 on Friday. The company has a market capitalization of $10.40 billion, a PE ratio of 17.18 and a beta of 0.86. The firm has a 50-day simple moving average of $62.14 and a two-hundred day simple moving average of $60.34. Fidelity High Dividend ETF has a 52 week low of $53.77 and a 52 week high of $64.54.

Fidelity High Dividend ETF Company 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.