von Borstel & Associates Inc. Invests $6.82 Million in Fidelity High Dividend ETF $FDVV

von Borstel & Associates Inc. purchased a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 121,483 shares of the company’s stock, valued at approximately $6,816,000. Fidelity High Dividend ETF accounts for approximately 1.0% of von Borstel & Associates Inc.’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Fidelity High Dividend ETF by 6.0% in the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after buying an additional 6,174 shares during the period. Smithfield Trust Co lifted its holdings in Fidelity High Dividend ETF by 17.9% in the second quarter. Smithfield Trust Co now owns 7,425 shares of the company’s stock valued at $387,000 after acquiring an additional 1,125 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Fidelity High Dividend ETF by 34.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,916 shares of the company’s stock worth $1,244,000 after purchasing an additional 6,102 shares in the last quarter. Independence Financial Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 6.6% during the 2nd quarter. Independence Financial Advisors LLC now owns 174,552 shares of the company’s stock worth $9,080,000 after purchasing an additional 10,813 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth $206,000.

Fidelity High Dividend ETF Stock Down 0.5%

Shares of NYSEARCA FDVV opened at $56.14 on Friday. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $60.12. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The firm has a 50-day moving average price of $58.14 and a 200 day moving average price of $56.73.

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.