Summit Financial Wealth Advisors LLC Buys 21,500 Shares of Fidelity High Dividend ETF $FDVV

Summit Financial Wealth Advisors LLC grew its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 46.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,044 shares of the company’s stock after buying an additional 21,500 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $3,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Base Wealth Management LLC boosted its holdings in Fidelity High Dividend ETF by 27.5% during the fourth quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock worth $8,167,000 after buying an additional 31,041 shares during the last quarter. Savvy Advisors Inc. boosted its holdings in Fidelity High Dividend ETF by 55.6% during the fourth quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock worth $2,862,000 after buying an additional 18,037 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Fidelity High Dividend ETF by 23.4% during the third quarter. Global Retirement Partners LLC now owns 92,881 shares of the company’s stock worth $5,174,000 after buying an additional 17,608 shares during the last quarter. Focus Financial Network Inc. bought a new position in Fidelity High Dividend ETF during the fourth quarter worth about $659,000. Finally, Sovran Advisors LLC boosted its holdings in Fidelity High Dividend ETF by 214.7% during the fourth quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock worth $1,999,000 after buying an additional 23,725 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.0%

Shares of FDVV opened at $59.16 on Tuesday. The stock has a market cap of $9.15 billion, a P/E ratio of 17.18 and a beta of 0.87. The stock’s 50-day moving average price is $57.35 and its two-hundred day moving average price is $56.91. Fidelity High Dividend ETF has a 1 year low of $45.17 and a 1 year high of $60.12.

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.