Commonwealth Equity Services LLC Raises Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Commonwealth Equity Services LLC raised its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 12.5% during the 4th quarter, HoldingsChannel reports. The firm owned 3,114,014 shares of the company’s stock after acquiring an additional 345,433 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Fidelity High Dividend ETF worth $155,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Independent Advisor Alliance bought a new stake in Fidelity High Dividend ETF during the fourth quarter worth approximately $44,154,000. Raymond James Financial Inc. purchased a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $27,783,000. Madrona Financial Services LLC purchased a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $5,844,000. Kovack Advisors Inc. grew its position in Fidelity High Dividend ETF by 138.5% during the 3rd quarter. Kovack Advisors Inc. now owns 200,738 shares of the company’s stock worth $10,167,000 after purchasing an additional 116,557 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $3,940,000.

Fidelity High Dividend ETF Stock Down 0.2 %

Fidelity High Dividend ETF stock opened at $49.32 on Thursday. The company’s fifty day simple moving average is $50.81 and its 200-day simple moving average is $50.82. Fidelity High Dividend ETF has a 12 month low of $43.34 and a 12 month high of $52.78. The stock has a market cap of $4.68 billion, a P/E ratio of 19.05 and a beta of 1.02.

Fidelity High Dividend ETF Company 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.