Fidelity High Dividend ETF $FDVV Holdings Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC raised its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 8.5% in the first quarter, HoldingsChannel.com reports. The fund owned 107,702 shares of the company’s stock after buying an additional 8,392 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $5,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in FDVV. Smithfield Trust Co raised its position in shares of Fidelity High Dividend ETF by 2.4% during the 4th quarter. Smithfield Trust Co now owns 7,600 shares of the company’s stock worth $431,000 after purchasing an additional 175 shares during the period. Meridian Wealth Management LLC grew its stake 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 during the last quarter. Harbor Asset Planning Inc. grew its stake in Fidelity High Dividend ETF by 0.8% during the 1st quarter. Harbor Asset Planning Inc. now owns 22,824 shares of the company’s stock worth $1,261,000 after buying an additional 182 shares during the last quarter. Sweeney & Michel LLC grew its stake in Fidelity High Dividend ETF by 1.4% during the 1st quarter. Sweeney & Michel LLC now owns 17,981 shares of the company’s stock worth $1,034,000 after buying an additional 245 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Fidelity High Dividend ETF by 0.8% in the fourth quarter. Sunbelt Securities Inc. now owns 32,071 shares of the company’s stock worth $1,818,000 after buying an additional 246 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $63.78 on Tuesday. The firm has a market capitalization of $10.35 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1-year low of $53.77 and a 1-year high of $64.40. The business’s fifty day moving average price is $61.73 and its two-hundred day moving average price is $59.43.

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.