Archer Investment Corp Acquires Shares of 1,963 Fidelity High Dividend ETF (NYSEARCA:FDVV)

Archer Investment Corp acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,963 shares of the company’s stock, valued at approximately $98,000.

A number of other large investors have also recently made changes to their positions in FDVV. JPMorgan Chase & Co. grew its position in Fidelity High Dividend ETF by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 246,157 shares of the company’s stock worth $12,468,000 after acquiring an additional 52,434 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of 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 last quarter. HighTower Advisors LLC boosted its holdings in shares of Fidelity High Dividend ETF by 29.9% in the 3rd quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock worth $837,000 after purchasing an additional 3,801 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Fidelity High Dividend ETF by 43.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 32,028 shares of the company’s stock valued at $1,622,000 after purchasing an additional 9,736 shares during the last quarter. Finally, FMR LLC raised its holdings in Fidelity High Dividend ETF by 4.7% during the 3rd quarter. FMR LLC now owns 80,331 shares of the company’s stock valued at $4,069,000 after buying an additional 3,620 shares during the period.

Fidelity High Dividend ETF Stock Up 0.3 %

Shares of FDVV opened at $51.09 on Friday. The business has a fifty day moving average of $50.82 and a 200 day moving average of $50.31. The company has a market cap of $2.95 billion, a PE ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 52-week low of $42.53 and a 52-week high of $52.78.

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.