PFG Advisors Has $4.49 Million Position in Fidelity High Dividend ETF $FDVV

PFG Advisors grew its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,125 shares of the company’s stock after purchasing an additional 9,706 shares during the period. PFG Advisors owned about 0.05% of Fidelity High Dividend ETF worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Fidelity High Dividend ETF by 6.0% in the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after buying an additional 6,174 shares during the last quarter. Brown Advisory Inc. bought a new position in Fidelity High Dividend ETF in the 2nd quarter valued at approximately $320,000. Qube Research & Technologies Ltd raised its holdings in Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after buying an additional 9,169 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock valued at $5,870,000 after buying an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the 2nd quarter worth approximately $27,000.

Fidelity High Dividend ETF Stock Down 0.0%

NYSEARCA:FDVV opened at $59.16 on Tuesday. The company has a fifty day moving average of $57.35 and a 200-day moving average of $56.91. The firm has a market capitalization of $9.15 billion, a P/E ratio of 17.18 and a beta of 0.87. Fidelity High Dividend ETF has a twelve month low of $45.17 and a twelve month high of $60.12.

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.