Fidelity High Dividend ETF (NYSEARCA:FDVV) Shares Acquired by Lakeridge Wealth Management LLC

Lakeridge Wealth Management LLC boosted its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,158 shares of the company’s stock after buying an additional 18,665 shares during the period. Fidelity High Dividend ETF accounts for approximately 7.6% of Lakeridge Wealth Management LLC’s investment portfolio, making the stock its largest holding. Lakeridge Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $14,790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FDVV. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter worth about $25,000. Roxbury Financial LLC bought a new position in Fidelity High Dividend ETF in the 4th quarter worth about $62,000. Glass Jacobson Investment Advisors llc bought a new position in Fidelity High Dividend ETF in the 3rd quarter worth about $75,000. Archer Investment Corp acquired a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at approximately $98,000. Finally, Avion Wealth bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $128,000.

Fidelity High Dividend ETF Trading Down 0.1 %

Shares of NYSEARCA FDVV opened at $51.68 on Friday. Fidelity High Dividend ETF has a 12-month low of $43.10 and a 12-month high of $52.78. The company has a market cap of $2.98 billion, a PE ratio of 11.51 and a beta of 0.82. The stock has a 50 day simple moving average of $50.69 and a 200-day simple moving average of $50.47.

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.