Pathway Financial Advisers LLC Grows Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Pathway Financial Advisers LLC increased its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,191 shares of the company’s stock after acquiring an additional 3,504 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Fidelity High Dividend ETF were worth $2,492,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of Fidelity High Dividend ETF by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 2,768,581 shares of the company’s stock valued at $140,229,000 after buying an additional 287,984 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Fidelity High Dividend ETF by 17.2% during the first quarter. Osaic Holdings Inc. now owns 1,163,964 shares of the company’s stock valued at $52,744,000 after acquiring an additional 170,970 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity High Dividend ETF by 35.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,020,505 shares of the company’s stock valued at $47,739,000 after acquiring an additional 268,292 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Fidelity High Dividend ETF by 38.5% during the third quarter. Childress Capital Advisors LLC now owns 759,709 shares of the company’s stock valued at $38,479,000 after acquiring an additional 211,267 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of Fidelity High Dividend ETF by 40.1% during the first quarter. Kestra Advisory Services LLC now owns 618,263 shares of the company’s stock valued at $28,013,000 after acquiring an additional 176,990 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 0.5 %

FDVV opened at $50.86 on Wednesday. Fidelity High Dividend ETF has a 52-week low of $37.25 and a 52-week high of $51.81. The company has a market cap of $2.93 billion, a P/E ratio of 11.51 and a beta of 0.82. The firm’s 50-day moving average price is $50.28 and its 200-day moving average price is $47.99.

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.