Powers Advisory Group LLC Acquires 18,873 Shares of Fidelity High Dividend ETF $FDVV

Powers Advisory Group LLC grew its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,874 shares of the company’s stock after purchasing an additional 18,873 shares during the period. Fidelity High Dividend ETF makes up approximately 2.5% of Powers Advisory Group LLC’s investment portfolio, making the stock its 12th biggest position. Powers Advisory Group LLC owned 0.08% of Fidelity High Dividend ETF worth $6,569,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FDVV. Raymond James Financial Inc. grew its position in shares of Fidelity High Dividend ETF by 62.2% during the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after purchasing an additional 635,591 shares in the last quarter. Bank of America Corp DE grew its position in shares of Fidelity High Dividend ETF by 34.6% during the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after purchasing an additional 572,218 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of Fidelity High Dividend ETF during the third quarter valued at about $28,056,000. Jane Street Group LLC grew its position in shares of Fidelity High Dividend ETF by 301.9% during the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after purchasing an additional 394,131 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Fidelity High Dividend ETF by 271.0% during the third quarter. Private Advisor Group LLC now owns 399,413 shares of the company’s stock valued at $22,251,000 after purchasing an additional 291,754 shares in the last quarter.

Fidelity High Dividend ETF Stock Up 2.2%

Shares of Fidelity High Dividend ETF stock opened at $56.96 on Thursday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 17.18 and a beta of 0.90. The business has a 50-day moving average price of $57.44 and a 200-day moving average price of $56.76. Fidelity High Dividend ETF has a twelve month low of $43.06 and a twelve month high of $60.12.

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.