GPS Wealth Strategies Group LLC Buys 32,798 Shares of Fidelity High Dividend ETF $FDVV

GPS Wealth Strategies Group LLC lifted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 41.7% during the second quarter, HoldingsChannel.com reports. The firm owned 111,442 shares of the company’s stock after purchasing an additional 32,798 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Fidelity High Dividend ETF were worth $5,797,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. raised its stake in shares of Fidelity High Dividend ETF by 80.5% during the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 211 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in shares of Fidelity High Dividend ETF by 3.9% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,102 shares of the company’s stock valued at $303,000 after purchasing an additional 230 shares during the period. Wealth Management Associates Inc. raised its stake in shares of Fidelity High Dividend ETF by 2.6% during the 1st quarter. Wealth Management Associates Inc. now owns 8,937 shares of the company’s stock valued at $443,000 after purchasing an additional 230 shares during the period. Ellis Investment Partners LLC raised its stake in shares of Fidelity High Dividend ETF by 5.2% during the 2nd quarter. Ellis Investment Partners LLC now owns 4,828 shares of the company’s stock valued at $251,000 after purchasing an additional 240 shares during the period. Finally, Ballew Advisors Inc increased its holdings in Fidelity High Dividend ETF by 0.9% during the 2nd quarter. Ballew Advisors Inc now owns 29,265 shares of the company’s stock worth $1,556,000 after acquiring an additional 248 shares during the period.

Fidelity High Dividend ETF Trading Down 0.6%

Fidelity High Dividend ETF stock opened at $55.49 on Wednesday. The firm’s 50 day simple moving average is $55.56 and its 200 day simple moving average is $53.02. The firm has a market capitalization of $7.29 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 1-year low of $42.81 and a 1-year high of $56.81.

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.