IFP Advisors Inc Increases Stake in Fidelity High Dividend ETF $FDVV

IFP Advisors Inc increased its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,962 shares of the company’s stock after purchasing an additional 14,125 shares during the period. IFP Advisors Inc owned 0.13% of Fidelity High Dividend ETF worth $9,803,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Fidelity High Dividend ETF by 6.0% in the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after buying an additional 6,174 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Fidelity High Dividend ETF during the second quarter valued at $206,000. Creative Planning grew its holdings in shares of Fidelity High Dividend ETF by 19.8% during the second quarter. Creative Planning now owns 10,975 shares of the company’s stock valued at $571,000 after buying an additional 1,811 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Fidelity High Dividend ETF by 1.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 143,911 shares of the company’s stock valued at $7,486,000 after acquiring an additional 1,915 shares during the period. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $32,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $55.77 on Thursday. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The business has a fifty day moving average of $58.11 and a 200 day moving average of $56.76. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $60.12.

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.