Fifth Third Securities Inc. Makes New $12.62 Million Investment in Fidelity High Dividend ETF $FDVV

Fifth Third Securities Inc. bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 3rd quarter, Holdings Channel.com reports. The firm bought 207,824 shares of the company’s stock, valued at approximately $12,621,000.

Several other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new position in Fidelity High Dividend ETF during the third quarter worth about $2,070,000. Integrated Advisors Network LLC lifted its position in Fidelity High Dividend ETF by 2.3% in the third quarter. Integrated Advisors Network LLC now owns 28,243 shares of the company’s stock valued at $1,715,000 after purchasing an additional 645 shares during the period. Diversify Advisory Services LLC boosted its holdings in Fidelity High Dividend ETF by 10.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 25,246 shares of the company’s stock valued at $1,560,000 after purchasing an additional 2,393 shares in the last quarter. Prentice Wealth Management LLC boosted its holdings in Fidelity High Dividend ETF by 1.4% in the 3rd quarter. Prentice Wealth Management LLC now owns 247,269 shares of the company’s stock valued at $15,017,000 after purchasing an additional 3,517 shares in the last quarter. Finally, New England Private Wealth Advisors LLC boosted its holdings in Fidelity High Dividend ETF by 130.8% in the 3rd quarter. New England Private Wealth Advisors LLC now owns 15,047 shares of the company’s stock valued at $914,000 after purchasing an additional 8,528 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV traded up $0.19 on Wednesday, hitting $62.03. 308,370 shares of the company’s stock were exchanged, compared to its average volume of 852,026. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The firm’s 50-day moving average price is $62.42 and its two-hundred day moving average price is $61.17. Fidelity High Dividend ETF has a fifty-two week low of $53.77 and a fifty-two week high of $64.54.

Fidelity High Dividend ETF 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.