Element Wealth LLC Purchases 1,000 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Element Wealth LLC increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,565 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Element Wealth LLC’s holdings in Fidelity High Dividend ETF were worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Octavia Wealth Advisors LLC raised its stake in Fidelity High Dividend ETF by 6.3% in the 4th quarter. Octavia Wealth Advisors LLC now owns 135,716 shares of the company’s stock valued at $5,738,000 after acquiring an additional 7,989 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $374,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Fidelity High Dividend ETF by 3.7% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,680 shares of the company’s stock worth $367,000 after purchasing an additional 310 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Fidelity High Dividend ETF by 92.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 71,005 shares of the company’s stock valued at $3,002,000 after purchasing an additional 34,049 shares during the period. Finally, Schmidt P J Investment Management Inc. acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $236,000.

Fidelity High Dividend ETF Stock Up 1.0 %

Shares of NYSEARCA:FDVV traded up $0.44 during trading on Tuesday, reaching $44.43. 261,430 shares of the company traded hands, compared to its average volume of 289,596. The firm has a market capitalization of $2.52 billion, a PE ratio of 11.12 and a beta of 0.84. The company’s 50 day moving average is $44.26 and its two-hundred day moving average is $42.03. Fidelity High Dividend ETF has a 52 week low of $36.94 and a 52 week high of $45.42.

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.