Cornerstone Wealth LLC TN Makes New $11.96 Million Investment in Fidelity High Dividend ETF $FDVV

Cornerstone Wealth LLC TN purchased a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 203,646 shares of the company’s stock, valued at approximately $11,960,000. Fidelity High Dividend ETF makes up about 6.8% of Cornerstone Wealth LLC TN’s investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Fidelity High Dividend ETF by 6.0% during the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after acquiring an additional 6,174 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of Fidelity High Dividend ETF in the second quarter worth about $320,000. Qube Research & Technologies Ltd increased its holdings in shares of Fidelity High Dividend ETF by 95.6% in the second quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock worth $976,000 after acquiring an additional 9,169 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Fidelity High Dividend ETF by 49.8% during the second quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after purchasing an additional 37,501 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF during the second quarter worth about $27,000.

Fidelity High Dividend ETF Price Performance

NYSEARCA:FDVV opened at $62.58 on Thursday. Fidelity High Dividend ETF has a fifty-two week low of $52.86 and a fifty-two week high of $63.43. The stock has a market capitalization of $10.13 billion, a PE ratio of 17.18 and a beta of 0.86. The business’s 50-day simple moving average is $61.32 and its 200-day simple moving average is $59.08.

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.