McIlrath & Eck LLC boosted its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,989 shares of the company’s stock after purchasing an additional 56,295 shares during the period. Fidelity High Dividend ETF makes up 3.0% of McIlrath & Eck LLC’s portfolio, making the stock its 8th biggest position. McIlrath & Eck LLC’s holdings in Fidelity High Dividend ETF were worth $40,711,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDVV. LPL Financial LLC raised its position in shares of Fidelity High Dividend ETF by 36.8% in the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after purchasing an additional 1,655,768 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Fidelity High Dividend ETF by 62.2% during the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after buying an additional 635,591 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after buying an additional 572,218 shares during the last quarter. Baer Investment Advisory LLC bought a new stake in shares of Fidelity High Dividend ETF in the first quarter worth $30,326,000. Finally, Royal Bank of Canada raised its holdings in Fidelity High Dividend ETF by 246.4% in the first quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock valued at $32,881,000 after acquiring an additional 423,383 shares in the last quarter.
Fidelity High Dividend ETF Price Performance
NYSEARCA FDVV opened at $62.78 on Friday. Fidelity High Dividend ETF has a 12 month low of $52.86 and a 12 month high of $63.43. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The company’s fifty day moving average price is $61.37 and its two-hundred day moving average price is $59.12.
Fidelity High Dividend ETF 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.
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