BG Investment Services LLC Boosts Stake in Fidelity High Dividend ETF $FDVV

BG Investment Services LLC increased its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 31.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 99,292 shares of the company’s stock after buying an additional 23,537 shares during the quarter. Fidelity High Dividend ETF comprises approximately 5.0% of BG Investment Services LLC’s portfolio, making the stock its 5th largest holding. BG Investment Services LLC’s holdings in Fidelity High Dividend ETF were worth $5,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC boosted its holdings in Fidelity High Dividend ETF by 4.5% during the fourth quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock valued at $236,000 after purchasing an additional 179 shares in the last quarter. Melfa Wealth Management Inc. raised its holdings in shares of Fidelity High Dividend ETF by 1.1% in the 3rd quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock worth $1,066,000 after buying an additional 212 shares in the last quarter. Archer Investment Corp raised its holdings in shares of Fidelity High Dividend ETF by 7.2% in the 3rd quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock worth $179,000 after buying an additional 217 shares in the last quarter. GWN Securities Inc. lifted its position in shares of Fidelity High Dividend ETF by 3.2% during the 3rd quarter. GWN Securities Inc. now owns 8,081 shares of the company’s stock worth $450,000 after buying an additional 252 shares during the period. Finally, Fiscal Wisdom Wealth Management LLC boosted its stake in Fidelity High Dividend ETF by 7.6% in the 4th quarter. Fiscal Wisdom Wealth Management LLC now owns 4,352 shares of the company’s stock valued at $247,000 after buying an additional 309 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $59.41 on Thursday. The stock’s fifty day simple moving average is $57.25 and its 200 day simple moving average is $57.26. Fidelity High Dividend ETF has a one year low of $49.10 and a one year high of $60.12. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.