IFP Advisors Inc Grows Position in Fidelity High Dividend ETF $FDVV

IFP Advisors Inc increased its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 20.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 211,646 shares of the company’s stock after buying an additional 35,691 shares during the quarter. IFP Advisors Inc’s holdings in Fidelity High Dividend ETF were worth $11,998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its position in Fidelity High Dividend ETF by 19.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,136 shares of the company’s stock worth $121,000 after acquiring an additional 354 shares during the period. Forefront Wealth Partners LLC lifted its position in Fidelity High Dividend ETF by 37.8% during the 4th quarter. Forefront Wealth Partners LLC now owns 25,243 shares of the company’s stock worth $1,431,000 after acquiring an additional 6,930 shares during the period. Larson Financial Group LLC lifted its position in Fidelity High Dividend ETF by 49.7% during the 4th quarter. Larson Financial Group LLC now owns 13,066 shares of the company’s stock worth $741,000 after acquiring an additional 4,337 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Fidelity High Dividend ETF by 36.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 58,567 shares of the company’s stock worth $3,320,000 after acquiring an additional 15,504 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in Fidelity High Dividend ETF by 0.7% during the 4th quarter. Pathway Financial Advisers LLC now owns 131,999 shares of the company’s stock worth $7,483,000 after acquiring an additional 856 shares during the period.

Fidelity High Dividend ETF Price Performance

FDVV opened at $59.39 on Wednesday. The business has a 50 day simple moving average of $57.37 and a 200-day simple moving average of $57.35. The stock has a market capitalization of $9.24 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $49.10 and a 12 month 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.