Per Stirling Capital Management LLC. Purchases New Holdings in Fidelity High Dividend ETF $FDVV

Per Stirling Capital Management LLC. purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 228,660 shares of the company’s stock, valued at approximately $12,739,000. Fidelity High Dividend ETF makes up about 1.5% of Per Stirling Capital Management LLC.’s portfolio, making the stock its 20th largest position. Per Stirling Capital Management LLC. owned about 0.17% of Fidelity High Dividend ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FDVV. Retirement Planning Group LLC boosted its stake in Fidelity High Dividend ETF by 10.1% during the third quarter. Retirement Planning Group LLC now owns 2,199,223 shares of the company’s stock worth $122,519,000 after buying an additional 201,512 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity High Dividend ETF by 11.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,840,363 shares of the company’s stock worth $102,527,000 after buying an additional 191,904 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Fidelity High Dividend ETF by 10.9% in the second quarter. Bank of America Corp DE now owns 1,654,774 shares of the company’s stock valued at $86,081,000 after buying an additional 162,395 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fidelity High Dividend ETF by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 1,044,083 shares of the company’s stock worth $58,166,000 after acquiring an additional 108,544 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Fidelity High Dividend ETF by 13.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,021,750 shares of the company’s stock worth $53,151,000 after buying an additional 117,444 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

FDVV opened at $57.39 on Friday. The firm has a 50 day simple moving average of $58.14 and a 200 day simple moving average of $56.65. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a fifty-two week low of $42.81 and a fifty-two week high of $60.12.

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.