Certified Advisory Corp Acquires New Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Certified Advisory Corp bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,124 shares of the company’s stock, valued at approximately $597,000.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Fidelity High Dividend ETF by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 474,633 shares of the company’s stock valued at $20,068,000 after purchasing an additional 102,369 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in shares of Fidelity High Dividend ETF by 19.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 39,920 shares of the company’s stock valued at $1,687,000 after acquiring an additional 6,510 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its position in Fidelity High Dividend ETF by 7.8% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 41,987 shares of the company’s stock worth $1,775,000 after purchasing an additional 3,049 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF in the fourth quarter valued at approximately $512,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth $504,000.

Fidelity High Dividend ETF Trading Down 0.3 %

Fidelity High Dividend ETF stock traded down $0.13 on Wednesday, reaching $46.66. 159,889 shares of the stock were exchanged, compared to its average volume of 276,876. Fidelity High Dividend ETF has a twelve month low of $36.94 and a twelve month high of $46.89. The firm has a fifty day moving average price of $44.91 and a two-hundred day moving average price of $43.07. The stock has a market cap of $2.69 billion, a PE ratio of 11.51 and a beta of 0.82.

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.