Rooted Wealth Advisors Inc. Makes New Investment in Fidelity High Dividend ETF $FDVV

Rooted Wealth Advisors Inc. purchased a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 207,138 shares of the company’s stock, valued at approximately $12,209,000. Fidelity High Dividend ETF makes up about 3.4% of Rooted Wealth Advisors Inc.’s holdings, making the stock its 7th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC lifted its position in Fidelity High Dividend ETF by 4.5% during the 4th quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock worth $236,000 after buying an additional 179 shares in the last quarter. Archer Investment Corp raised its holdings in shares of Fidelity High Dividend ETF by 7.2% in the 3rd quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock valued at $179,000 after purchasing an additional 217 shares during the period. Fiscal Wisdom Wealth Management LLC raised its holdings in shares of Fidelity High Dividend ETF by 7.6% in the 4th quarter. Fiscal Wisdom Wealth Management LLC now owns 4,352 shares of the company’s stock valued at $247,000 after purchasing an additional 309 shares during the period. Fairvoy Private Wealth LLC raised its holdings in shares of Fidelity High Dividend ETF by 4.0% in the 4th quarter. Fairvoy Private Wealth LLC now owns 8,052 shares of the company’s stock valued at $456,000 after purchasing an additional 313 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Fidelity High Dividend ETF by 19.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,136 shares of the company’s stock valued at $121,000 after purchasing an additional 354 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $60.70 on Monday. The firm’s 50-day moving average is $57.55 and its 200-day moving average is $57.44. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52-week low of $49.10 and a 52-week high of $60.78.

Fidelity High Dividend ETF Company 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.