Fidelity High Dividend ETF $FDVV Shares Purchased by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC increased its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 329,450 shares of the company’s stock after acquiring an additional 18,500 shares during the quarter. Fidelity High Dividend ETF comprises about 4.4% of Flagship Wealth Advisors LLC’s holdings, making the stock its 4th largest position. Flagship Wealth Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $20,007,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in Fidelity High Dividend ETF in the 1st quarter valued at approximately $36,000. Oakworth Capital Inc. acquired a new position in shares of Fidelity High Dividend ETF in the 3rd quarter valued at about $42,000. Horrell Capital Management Inc. bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at about $46,000. Bessemer Group Inc. bought a new stake in shares of Fidelity High Dividend ETF during the 1st quarter valued at about $56,000. Finally, Godsey & Gibb Inc. bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at about $90,000.

Fidelity High Dividend ETF Stock Performance

Shares of Fidelity High Dividend ETF stock traded down $0.35 on Friday, reaching $61.51. 611,452 shares of the company’s stock were exchanged, compared to its average volume of 844,082. The company has a market capitalization of $10.35 billion, a P/E 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 moving average is $62.11 and its two-hundred day moving average is $60.37.

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.