Powers Advisory Group LLC Raises Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Powers Advisory Group LLC increased its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 26.8% in the third quarter, Holdings Channel.com reports. The firm owned 15,777 shares of the company’s stock after purchasing an additional 3,332 shares during the period. Powers Advisory Group LLC’s holdings in Fidelity High Dividend ETF were worth $799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDVV. EverSource Wealth Advisors LLC acquired a new position in Fidelity High Dividend ETF during the first quarter worth approximately $35,000. Hantz Financial Services Inc. purchased a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth $51,000. Valley National Advisers Inc. boosted its holdings in Fidelity High Dividend ETF by 19.1% in the first quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock valued at $137,000 after acquiring an additional 487 shares during the last quarter. ICA Group Wealth Management LLC grew its position in Fidelity High Dividend ETF by 105.5% during the second quarter. ICA Group Wealth Management LLC now owns 3,029 shares of the company’s stock valued at $142,000 after acquiring an additional 1,555 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Fidelity High Dividend ETF by 6,777.4% in the 2nd quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock worth $199,000 after purchasing an additional 4,202 shares during the period.

Fidelity High Dividend ETF Stock Performance

FDVV opened at $51.72 on Friday. The company has a market cap of $2.98 billion, a PE ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 1 year low of $36.94 and a 1 year high of $51.77. The firm has a 50 day moving average price of $49.92 and a 200 day moving average price of $47.65.

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.