Independent Financial Group LLC Makes New $3.43 Million Investment in Fidelity High Dividend ETF $FDVV

Independent Financial Group LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,041 shares of the company’s stock, valued at approximately $3,427,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dahring Cusmano LLC increased its stake in shares of Fidelity High Dividend ETF by 452.6% in the first quarter. Dahring Cusmano LLC now owns 65,759 shares of the company’s stock worth $3,633,000 after buying an additional 53,858 shares during the last quarter. Gaddis Premier Wealth Advisors LLC boosted its stake in Fidelity High Dividend ETF by 7.2% during the 1st quarter. Gaddis Premier Wealth Advisors LLC now owns 12,478 shares of the company’s stock valued at $689,000 after acquiring an additional 843 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Fidelity High Dividend ETF by 2.6% during the 1st quarter. D.A. Davidson & CO. now owns 315,092 shares of the company’s stock worth $17,406,000 after acquiring an additional 7,885 shares in the last quarter. RFG Bristol Wealth Advisors LLC grew its holdings in Fidelity High Dividend ETF by 14.1% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 59,332 shares of the company’s stock worth $3,277,000 after acquiring an additional 7,339 shares in the last quarter. Finally, Milestone Investment Advisors LLC increased its position in shares of Fidelity High Dividend ETF by 2.0% in the 1st quarter. Milestone Investment Advisors LLC now owns 326,052 shares of the company’s stock worth $18,011,000 after purchasing an additional 6,260 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $62.16 on Friday. Fidelity High Dividend ETF has a one year low of $52.86 and a one year high of $62.71. The company’s 50-day simple moving average is $60.86 and its 200-day simple moving average is $58.76. The stock has a market capitalization of $10.02 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.