Thoroughbred Financial Services LLC Increases Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Thoroughbred Financial Services LLC increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 25.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,751 shares of the company’s stock after acquiring an additional 11,042 shares during the period. Thoroughbred Financial Services LLC owned approximately 0.09% of Fidelity High Dividend ETF worth $2,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in Fidelity High Dividend ETF by 55.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 36,080 shares of the company’s stock worth $1,688,000 after buying an additional 12,801 shares during the last quarter. Beam Wealth Advisors Inc. purchased a new position in shares of Fidelity High Dividend ETF during the second quarter worth $1,450,000. Bright Futures Wealth Management LLC. lifted its position in Fidelity High Dividend ETF by 17.4% during the second quarter. Bright Futures Wealth Management LLC. now owns 57,737 shares of the company’s stock valued at $2,752,000 after purchasing an additional 8,549 shares during the period. Private Advisor Group LLC boosted its holdings in Fidelity High Dividend ETF by 23.3% in the second quarter. Private Advisor Group LLC now owns 67,264 shares of the company’s stock valued at $3,147,000 after purchasing an additional 12,720 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Fidelity High Dividend ETF by 6,777.4% during the 2nd quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock worth $199,000 after purchasing an additional 4,202 shares during the period.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $49.89 on Friday. Fidelity High Dividend ETF has a fifty-two week low of $36.94 and a fifty-two week high of $50.15. The firm has a market capitalization of $2.88 billion, a P/E ratio of 11.51 and a beta of 0.82. The stock has a 50-day simple moving average of $48.55 and a two-hundred day simple moving average of $46.60.

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.