Blue Water Asset Management Invests $805,000 in Fidelity High Dividend ETF $FDVV

Blue Water Asset Management bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, HoldingsChannel.com reports. The fund bought 14,204 shares of the company’s stock, valued at approximately $805,000.

A number of other hedge funds have also modified their holdings of the stock. Dahring Cusmano LLC raised its holdings in shares of Fidelity High Dividend ETF by 94.2% in the 4th quarter. Dahring Cusmano LLC now owns 11,901 shares of the company’s stock worth $675,000 after buying an additional 5,773 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Fidelity High Dividend ETF by 15.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 160,267 shares of the company’s stock worth $9,086,000 after buying an additional 21,548 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Fidelity High Dividend ETF by 183.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 19,891 shares of the company’s stock worth $1,128,000 after buying an additional 12,879 shares in the last quarter. PCG Wealth Advisors LLC acquired a new position in shares of Fidelity High Dividend ETF in the 4th quarter worth approximately $531,000. Finally, Allworth Financial LP raised its holdings in shares of Fidelity High Dividend ETF by 1.7% in the 4th quarter. Allworth Financial LP now owns 588,807 shares of the company’s stock worth $33,379,000 after buying an additional 9,896 shares in the last quarter.

Fidelity High Dividend ETF Trading Down 1.2%

Shares of FDVV opened at $59.26 on Friday. Fidelity High Dividend ETF has a 1 year low of $49.10 and a 1 year high of $60.12. The stock has a 50 day simple moving average of $57.30 and a 200-day simple moving average of $57.30. The stock has a market cap of $9.21 billion, a PE ratio of 17.18 and a beta of 0.86.

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.