Summit Financial Wealth Advisors LLC Boosts Stake in Fidelity High Dividend ETF $FDVV

Summit Financial Wealth Advisors LLC boosted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 23.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,190 shares of the company’s stock after acquiring an additional 16,146 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $4,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. LPL Financial LLC raised its position in Fidelity High Dividend ETF by 36.8% in the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after purchasing an additional 1,655,768 shares during the period. Raymond James Financial Inc. raised its stake 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 acquiring an additional 635,591 shares during the last quarter. Bank of America Corp DE lifted its holdings in Fidelity High Dividend ETF by 34.6% in the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after buying an additional 572,218 shares during the period. Baer Investment Advisory LLC bought a new stake in Fidelity High Dividend ETF in the first quarter valued at $30,326,000. Finally, Royal Bank of Canada lifted its holdings in Fidelity High Dividend ETF by 246.4% in the first quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock worth $32,881,000 after buying an additional 423,383 shares during the period.

Fidelity High Dividend ETF Trading Down 0.4%

NYSEARCA:FDVV opened at $62.56 on Friday. The company has a market cap of $10.13 billion, a PE ratio of 17.18 and a beta of 0.86. The company has a 50 day simple moving average of $61.41 and a two-hundred day simple moving average of $59.14. Fidelity High Dividend ETF has a 12 month low of $52.86 and a 12 month high of $63.43.

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.