Elevation Capital Advisory LLC Acquires New Position in Fidelity High Dividend ETF $FDVV

Elevation Capital Advisory LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,483 shares of the company’s stock, valued at approximately $584,000.

A number of other large investors have also modified their holdings of the business. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter valued at approximately $28,056,000. Jane Street Group LLC lifted its holdings in Fidelity High Dividend ETF by 301.9% in the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after acquiring an additional 394,131 shares during the period. Arkadios Wealth Advisors lifted its holdings in Fidelity High Dividend ETF by 369.2% in the second quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after acquiring an additional 393,830 shares during the period. Regimen Wealth LLC purchased a new stake in shares of Fidelity High Dividend ETF during the 2nd quarter worth $19,200,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 21.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,648,459 shares of the company’s stock worth $85,753,000 after purchasing an additional 287,066 shares during the period.

Fidelity High Dividend ETF Stock Up 0.2%

Shares of NYSEARCA FDVV opened at $57.18 on Friday. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $57.78. The firm has a 50-day moving average price of $56.74 and a 200 day moving average price of $55.56.

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.