Arax Advisory Partners Invests $1.60 Million in Fidelity High Dividend ETF $FDVV

Arax Advisory Partners bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, Holdings Channel reports. The fund bought 28,279 shares of the company’s stock, valued at approximately $1,603,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF during the second quarter worth $27,000. Optima Capital LLC acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $33,000. Dunhill Financial LLC acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $41,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Fidelity High Dividend ETF by 641.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 816 shares of the company’s stock worth $47,000 after buying an additional 706 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV opened at $61.77 on Tuesday. Fidelity High Dividend ETF has a fifty-two week low of $50.53 and a fifty-two week high of $62.06. The company has a market capitalization of $9.61 billion, a P/E ratio of 17.18 and a beta of 0.86. The stock has a fifty day moving average of $59.40 and a 200-day moving average of $58.04.

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.