Schmidt P J Investment Management Inc. Boosts Stake in Fidelity High Dividend ETF $FDVV

Schmidt P J Investment Management Inc. raised its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 35.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,867 shares of the company’s stock after buying an additional 8,035 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Fidelity High Dividend ETF were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in Fidelity High Dividend ETF by 80.2% during the first quarter. HighTower Advisors LLC now owns 40,894 shares of the company’s stock worth $2,028,000 after buying an additional 18,196 shares in the last quarter. Private Trust Co. NA bought a new stake in Fidelity High Dividend ETF during the first quarter worth about $45,000. Barry Investment Advisors LLC lifted its stake in Fidelity High Dividend ETF by 1.4% during the second quarter. Barry Investment Advisors LLC now owns 41,908 shares of the company’s stock worth $2,180,000 after purchasing an additional 569 shares during the last quarter. KWB Wealth bought a new stake in Fidelity High Dividend ETF during the second quarter worth about $3,470,000. Finally, MB Levis & Associates LLC bought a new stake in Fidelity High Dividend ETF during the second quarter worth about $28,000.

Fidelity High Dividend ETF Stock Up 0.7%

Shares of FDVV stock opened at $56.26 on Monday. The business has a 50-day moving average price of $55.37 and a two-hundred day moving average price of $52.50. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $56.40. The firm has a market cap of $7.31 billion, a P/E ratio of 17.18 and a beta of 1.01.

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.