Foundations Investment Advisors LLC Takes $238,000 Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Foundations Investment Advisors LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,766 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FDVV. Octavia Wealth Advisors LLC lifted its position in Fidelity High Dividend ETF by 0.9% during the third quarter. Octavia Wealth Advisors LLC now owns 23,954 shares of the company’s stock worth $1,213,000 after acquiring an additional 222 shares during the last quarter. Melfa Wealth Management Inc. lifted its holdings in Fidelity High Dividend ETF by 1.5% during the 4th quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock worth $872,000 after purchasing an additional 258 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Fidelity High Dividend ETF by 5.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock valued at $272,000 after purchasing an additional 260 shares during the period. Ballew Advisors Inc grew its holdings in Fidelity High Dividend ETF by 1.0% in the 4th quarter. Ballew Advisors Inc now owns 27,908 shares of the company’s stock valued at $1,380,000 after buying an additional 266 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in Fidelity High Dividend ETF by 0.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock valued at $2,047,000 after buying an additional 273 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV opened at $50.50 on Friday. The stock has a fifty day moving average of $50.97 and a 200-day moving average of $50.24. The company has a market capitalization of $2.91 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a fifty-two week low of $42.53 and a fifty-two week high of $52.78.

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.