Summit Financial Wealth Advisors LLC bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 289,420 shares of the company’s stock, valued at approximately $17,577,000. Fidelity High Dividend ETF comprises about 2.2% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Summit Financial Wealth Advisors LLC owned about 0.17% of Fidelity High Dividend ETF as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. LifeSteps Financial Inc. boosted its stake in Fidelity High Dividend ETF by 10.8% during the 3rd quarter. LifeSteps Financial Inc. now owns 4,572 shares of the company’s stock valued at $278,000 after purchasing an additional 445 shares in the last quarter. Godsey & Gibb Inc. purchased a new position in shares of Fidelity High Dividend ETF during the third quarter valued at $90,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Fidelity High Dividend ETF in the 3rd quarter valued at approximately $147,000. Focus Financial Network Inc. increased its stake in shares of Fidelity High Dividend ETF by 9.8% in the third quarter. Focus Financial Network Inc. now owns 13,362 shares of the company’s stock worth $811,000 after acquiring an additional 1,188 shares during the last quarter. Finally, XY Planning Network Inc. grew its stake in Fidelity High Dividend ETF by 21.3% in the third quarter. XY Planning Network Inc. now owns 11,401 shares of the company’s stock valued at $692,000 after purchasing an additional 2,000 shares in the last quarter.
Fidelity High Dividend ETF Price Performance
FDVV traded up $0.30 during midday trading on Thursday, hitting $61.77. 376,828 shares of the company’s stock traded hands, compared to its average volume of 857,732. The company has a market cap of $10.35 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a one year low of $53.77 and a one year high of $64.54. The stock’s fifty day simple moving average is $62.60 and its 200-day simple moving average is $60.97.
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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