Fidelity High Dividend ETF $FDVV is Landing Point Financial Group LLC’s 2nd Largest Position

Landing Point Financial Group LLC raised its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 31.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,715 shares of the company’s stock after acquiring an additional 108,058 shares during the quarter. Fidelity High Dividend ETF makes up approximately 13.3% of Landing Point Financial Group LLC’s portfolio, making the stock its 2nd biggest position. Landing Point Financial Group LLC’s holdings in Fidelity High Dividend ETF were worth $25,444,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Ballew Advisors Inc boosted its stake in shares of Fidelity High Dividend ETF by 0.7% in the third quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock valued at $1,632,000 after purchasing an additional 193 shares during the period. Assetmark Inc. increased its stake in Fidelity High Dividend ETF by 80.5% during the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after buying an additional 211 shares during the period. Melfa Wealth Management Inc. lifted its holdings in Fidelity High Dividend ETF by 1.1% during the 3rd quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock worth $1,066,000 after buying an additional 212 shares in the last quarter. Archer Investment Corp boosted its position in Fidelity High Dividend ETF by 7.2% in the 3rd quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock valued at $179,000 after buying an additional 217 shares during the period. Finally, GWN Securities Inc. boosted its position in Fidelity High Dividend ETF by 3.2% in the 3rd quarter. GWN Securities Inc. now owns 8,081 shares of the company’s stock valued at $450,000 after buying an additional 252 shares during the period.

Fidelity High Dividend ETF Trading Down 0.7%

Fidelity High Dividend ETF stock opened at $59.02 on Friday. The firm has a market capitalization of $8.61 billion, a P/E ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $60.12. The stock’s fifty day simple moving average is $58.02 and its 200-day simple moving average is $56.53.

Fidelity High Dividend ETF Company 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.