KFG Wealth Management LLC Grows Position in Fidelity High Dividend ETF $FDVV

KFG Wealth Management LLC grew its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,129 shares of the company’s stock after acquiring an additional 8,155 shares during the quarter. KFG Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $4,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FDVV. XML Financial LLC increased its position in shares of Fidelity High Dividend ETF by 40.7% in the second quarter. XML Financial LLC now owns 24,543 shares of the company’s stock worth $1,480,000 after purchasing an additional 7,104 shares during the last quarter. KWB Wealth bought a new stake in Fidelity High Dividend ETF during the second quarter valued at approximately $226,000. Redhawk Wealth Advisors Inc. lifted its position in Fidelity High Dividend ETF by 4.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 48,107 shares of the company’s stock valued at $2,900,000 after purchasing an additional 1,840 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Fidelity High Dividend ETF by 3.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,516 shares of the company’s stock worth $755,000 after buying an additional 448 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Fidelity High Dividend ETF by 22.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,730 shares of the company’s stock worth $526,000 after buying an additional 1,600 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $63.12 on Thursday. The company’s fifty day moving average price is $62.57 and its 200-day moving average price is $60.02. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a one year low of $53.77 and a one year high of $64.54.

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.