Spartan Wealth Advisory Services LLC Invests $635,000 in Fidelity High Dividend ETF $FDVV

Spartan Wealth Advisory Services LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,500 shares of the company’s stock, valued at approximately $635,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec bought a new stake in Fidelity High Dividend ETF in the fourth quarter worth $25,000. Monetary Solutions Ltd bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at $26,000. Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the second quarter valued at $27,000. Optima Capital LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at $33,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Fidelity High Dividend ETF in the 1st quarter worth $36,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $62.16 on Monday. The firm has a fifty day simple moving average of $60.86 and a two-hundred day simple moving average of $58.77. Fidelity High Dividend ETF has a 52 week low of $52.86 and a 52 week high of $62.71. The stock has a market capitalization of $10.02 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.