RFG Bristol Wealth Advisors LLC Acquires New Shares in Fidelity High Dividend ETF $FDVV

RFG Bristol Wealth Advisors LLC purchased a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 31,766 shares of the company’s stock, valued at approximately $1,652,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDVV. Private Trust Co. NA bought a new stake in shares of Fidelity High Dividend ETF during the first quarter valued at about $45,000. Strategic Blueprint LLC bought a new stake in Fidelity High Dividend ETF during the 1st quarter worth approximately $357,000. Concurrent Investment Advisors LLC increased its holdings in Fidelity High Dividend ETF by 3.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 42,676 shares of the company’s stock worth $2,117,000 after acquiring an additional 1,505 shares during the period. Envestnet Asset Management Inc. increased its holdings in Fidelity High Dividend ETF by 20.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,361,393 shares of the company’s stock worth $67,525,000 after acquiring an additional 232,467 shares during the period. Finally, Principal Securities Inc. increased its holdings in Fidelity High Dividend ETF by 2.7% during the 1st quarter. Principal Securities Inc. now owns 50,631 shares of the company’s stock worth $2,529,000 after acquiring an additional 1,308 shares during the period.

Fidelity High Dividend ETF Stock Performance

Fidelity High Dividend ETF stock opened at $55.49 on Wednesday. The stock has a market cap of $7.29 billion, a P/E ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a fifty-two week low of $42.81 and a fifty-two week high of $56.81. The firm’s fifty day moving average price is $55.56 and its 200-day moving average price is $53.02.

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.