10,204 Shares in Fidelity High Dividend ETF $FDVV Bought by Valley National Advisers Inc.

Valley National Advisers Inc. purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,204 shares of the company’s stock, valued at approximately $620,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Private Wealth Advisors lifted its holdings in shares of Fidelity High Dividend ETF by 11.7% during the third quarter. Atlas Private Wealth Advisors now owns 4,583 shares of the company’s stock worth $278,000 after purchasing an additional 480 shares during the period. BG Investment Services LLC grew its stake in shares of Fidelity High Dividend ETF by 29.2% in the third quarter. BG Investment Services LLC now owns 162,641 shares of the company’s stock worth $9,875,000 after purchasing an additional 36,804 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of Fidelity High Dividend ETF in the third quarter worth $7,306,000. Sowell Financial Services LLC acquired a new stake in Fidelity High Dividend ETF in the third quarter valued at $2,070,000. Finally, BIP Wealth LLC acquired a new stake in Fidelity High Dividend ETF in the third quarter valued at $204,000.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV opened at $61.97 on Monday. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a twelve month low of $53.77 and a twelve month high of $64.54. The stock has a fifty day simple moving average of $62.30 and a 200 day simple moving average of $61.31.

Fidelity High Dividend ETF 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.