Bay Colony Advisory Group Inc d b a Bay Colony Advisors Boosts Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,680 shares of the company’s stock after purchasing an additional 310 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Fidelity High Dividend ETF were worth $367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity High Dividend ETF by 7.8% in the third quarter. Envestnet Asset Management Inc. now owns 571,551 shares of the company’s stock valued at $22,056,000 after purchasing an additional 41,353 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter valued at $1,930,000. AdvisorNet Financial Inc grew its holdings in shares of Fidelity High Dividend ETF by 2.3% in the fourth quarter. AdvisorNet Financial Inc now owns 102,031 shares of the company’s stock valued at $4,314,000 after purchasing an additional 2,253 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Fidelity High Dividend ETF in the third quarter valued at $647,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Fidelity High Dividend ETF in the third quarter valued at $457,000.

Fidelity High Dividend ETF Stock Down 0.9 %

NYSEARCA FDVV opened at $43.78 on Tuesday. The company has a fifty day moving average of $44.23 and a two-hundred day moving average of $41.83. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 10.36 and a beta of 1.01. Fidelity High Dividend ETF has a 52 week low of $36.94 and a 52 week high of $45.42.

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.