37,424 Shares in Fidelity High Dividend ETF $FDVV Bought by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,424 shares of the company’s stock, valued at approximately $2,273,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC bought a new stake in shares of Fidelity High Dividend ETF during the first quarter worth $36,000. Oakworth Capital Inc. acquired a new stake in shares of Fidelity High Dividend ETF during the third quarter worth $42,000. Horrell Capital Management Inc. acquired a new stake in shares of Fidelity High Dividend ETF during the third quarter worth $46,000. Bessemer Group Inc. bought a new stake in Fidelity High Dividend ETF in the 1st quarter valued at $56,000. Finally, Godsey & Gibb Inc. bought a new stake in Fidelity High Dividend ETF in the 3rd quarter valued at $90,000.

Fidelity High Dividend ETF Trading Up 2.8%

FDVV opened at $63.82 on Thursday. The stock has a market capitalization of $10.73 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $53.77 and a 12 month high of $64.54. The firm’s fifty day simple moving average is $62.17 and its 200 day simple moving average is $60.32.

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.