McIlrath & Eck LLC Buys 64,659 Shares of Fidelity High Dividend ETF $FDVV

McIlrath & Eck LLC raised its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 774,330 shares of the company’s stock after acquiring an additional 64,659 shares during the quarter. Fidelity High Dividend ETF makes up approximately 4.5% of McIlrath & Eck LLC’s investment portfolio, making the stock its 8th largest position. McIlrath & Eck LLC’s holdings in Fidelity High Dividend ETF were worth $43,138,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FDVV. Royal Bank of Canada increased its holdings in shares of Fidelity High Dividend ETF by 6.0% during the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after purchasing an additional 6,174 shares in the last quarter. Integrity Alliance LLC. grew its position in Fidelity High Dividend ETF by 9.1% during the first quarter. Integrity Alliance LLC. now owns 44,283 shares of the company’s stock valued at $2,196,000 after buying an additional 3,698 shares during the period. Flaharty Asset Management LLC purchased a new position in Fidelity High Dividend ETF in the first quarter valued at $58,000. Schmidt P J Investment Management Inc. raised its position in shares of Fidelity High Dividend ETF by 13.4% in the first quarter. Schmidt P J Investment Management Inc. now owns 22,832 shares of the company’s stock worth $1,132,000 after acquiring an additional 2,698 shares during the period. Finally, Wealth Management Associates Inc. raised its position in shares of Fidelity High Dividend ETF by 2.6% in the first quarter. Wealth Management Associates Inc. now owns 8,937 shares of the company’s stock worth $443,000 after acquiring an additional 230 shares during the period.

Fidelity High Dividend ETF Stock Up 0.1%

FDVV stock opened at $57.12 on Wednesday. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $57.44. The firm has a market cap of $8.04 billion, a P/E ratio of 17.18 and a beta of 0.92. The company’s 50-day simple moving average is $56.45 and its 200-day simple moving average is $55.18.

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.