Clare Market Investments LLC Takes $1.40 Million Position in Fidelity High Dividend ETF $FDVV

Clare Market Investments LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the first quarter, Holdings Channel reports. The institutional investor bought 25,300 shares of the company’s stock, valued at approximately $1,398,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec bought a new stake in Fidelity High Dividend ETF in the 4th quarter valued at $25,000. Monetary Solutions Ltd bought a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth about $26,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth about $27,000. Optima Capital LLC acquired a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at about $33,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at about $41,000.

Fidelity High Dividend ETF Stock Up 0.7%

NYSEARCA FDVV opened at $62.00 on Tuesday. Fidelity High Dividend ETF has a twelve month low of $52.48 and a twelve month high of $62.06. The stock has a market cap of $10.01 billion, a P/E ratio of 17.18 and a beta of 0.86. The company’s 50-day simple moving average is $60.31 and its 200 day simple moving average is $58.44.

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.