Fidelity High Dividend ETF (NYSEARCA:FDVV) Stake Raised by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 0.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 84,543 shares of the company’s stock after purchasing an additional 598 shares during the quarter. Kovack Advisors Inc.’s holdings in Fidelity High Dividend ETF were worth $3,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FDVV. McIlrath & Eck LLC purchased a new position in Fidelity High Dividend ETF during the 3rd quarter valued at about $13,782,000. Integrated Wealth Concepts LLC grew its stake in Fidelity High Dividend ETF by 130.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 520,222 shares of the company’s stock valued at $20,075,000 after acquiring an additional 294,344 shares in the last quarter. Arden Trust Co purchased a new position in Fidelity High Dividend ETF during the 1st quarter valued at about $10,217,000. Commonwealth Equity Services LLC grew its stake in Fidelity High Dividend ETF by 13.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,876,634 shares of the company’s stock valued at $79,344,000 after acquiring an additional 218,258 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Fidelity High Dividend ETF by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 474,633 shares of the company’s stock valued at $20,068,000 after acquiring an additional 102,369 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of Fidelity High Dividend ETF stock traded up $0.36 during trading on Thursday, hitting $47.40. 194,667 shares of the stock traded hands, compared to its average volume of 283,823. The stock has a market cap of $2.73 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a twelve month low of $36.94 and a twelve month high of $47.77. The company has a fifty day moving average price of $46.35 and a two-hundred day moving average price of $44.51.

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.