Fidelity High Dividend ETF $FDVV Stock: KFG Wealth Management LLC Boosts Stake

KFG Wealth Management LLC grew its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,583 shares of the company’s stock after purchasing an additional 8,454 shares during the quarter. KFG Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $4,590,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tompkins Financial Corp bought a new position in shares of Fidelity High Dividend ETF in the third quarter valued at $6,959,000. XY Planning Network Inc. bought a new stake in Fidelity High Dividend ETF during the second quarter worth $567,000. RCS Financial Planning LLC bought a new stake in Fidelity High Dividend ETF during the first quarter worth $570,000. Koshinski Asset Management Inc. raised its holdings in shares of Fidelity High Dividend ETF by 32.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 71,866 shares of the company’s stock valued at $3,970,000 after purchasing an additional 17,558 shares during the period. Finally, Old Mission Investment Co LLC acquired a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $3,440,000.

Fidelity High Dividend ETF Trading Down 0.2%

Shares of FDVV traded down $0.11 during mid-day trading on Friday, reaching $61.68. The company’s stock had a trading volume of 640,196 shares, compared to its average volume of 858,236. The business has a 50-day simple moving average of $62.51 and a two-hundred day simple moving average of $61.03. Fidelity High Dividend ETF has a 1-year low of $53.77 and a 1-year high of $64.54. The stock has a market cap of $10.35 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.