Independent Advisor Alliance Takes $44.15 Million Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Independent Advisor Alliance purchased a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 884,143 shares of the company’s stock, valued at approximately $44,154,000. Independent Advisor Alliance owned 1.53% of Fidelity High Dividend ETF as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in Fidelity High Dividend ETF by 43.7% during the third quarter. Janney Montgomery Scott LLC now owns 32,028 shares of the company’s stock worth $1,622,000 after buying an additional 9,736 shares in the last quarter. Atria Investments Inc raised its holdings in Fidelity High Dividend ETF by 5.6% in the 3rd quarter. Atria Investments Inc now owns 150,455 shares of the company’s stock valued at $7,621,000 after buying an additional 7,963 shares during the last quarter. Baker Avenue Asset Management LP bought a new position in Fidelity High Dividend ETF during the 3rd quarter worth approximately $205,000. Nations Financial Group Inc. IA ADV raised its holdings in Fidelity High Dividend ETF by 5.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after purchasing an additional 260 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Fidelity High Dividend ETF by 407.8% during the 3rd quarter. Harbour Investments Inc. now owns 37,941 shares of the company’s stock worth $1,922,000 after purchasing an additional 30,470 shares during the last quarter.

Fidelity High Dividend ETF Stock Up 1.3 %

Shares of FDVV stock opened at $50.69 on Monday. The firm has a 50 day moving average of $50.82 and a 200-day moving average of $50.82. Fidelity High Dividend ETF has a 52 week low of $43.34 and a 52 week high of $52.78. The company has a market cap of $4.81 billion, a price-to-earnings 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.