Root Financial Partners LLC Buys 14,127 Shares of Fidelity High Dividend ETF $FDVV

Root Financial Partners LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the third quarter, according to its most recent filing with the SEC. The fund bought 14,127 shares of the company’s stock, valued at approximately $858,000.

A number of other hedge funds also recently made changes to their positions in FDVV. Retirement Planning Group LLC bought a new position in Fidelity High Dividend ETF during the third quarter valued at about $176,774,000. Envestnet Asset Management Inc. increased its holdings in Fidelity High Dividend ETF by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,581,834 shares of the company’s stock worth $155,659,000 after buying an additional 148,465 shares during the last quarter. Bank of America Corp DE increased its holdings in Fidelity High Dividend ETF by 4.6% during the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock worth $130,765,000 after buying an additional 104,028 shares during the last quarter. Cetera Investment Advisers raised its position in Fidelity High Dividend ETF by 15.7% in the first quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after acquiring an additional 273,148 shares during the period. Finally, Kestra Advisory Services LLC raised its position in Fidelity High Dividend ETF by 16.6% in the first quarter. Kestra Advisory Services LLC now owns 1,077,418 shares of the company’s stock worth $59,517,000 after acquiring an additional 153,640 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $61.97 on Friday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52 week low of $53.77 and a 52 week high of $64.54. The firm’s 50-day simple moving average is $62.30 and its two-hundred day simple moving average is $61.27.

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.