Kovack Advisors Inc. Has $10.17 Million Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Kovack Advisors Inc. increased its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 138.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 200,738 shares of the company’s stock after buying an additional 116,557 shares during the quarter. Fidelity High Dividend ETF comprises about 1.1% of Kovack Advisors Inc.’s portfolio, making the stock its 13th biggest position. Kovack Advisors Inc. owned approximately 0.35% of Fidelity High Dividend ETF worth $10,167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Fidelity High Dividend ETF by 79.2% during the first quarter. Janney Montgomery Scott LLC now owns 21,359 shares of the company’s stock valued at $968,000 after buying an additional 9,438 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Fidelity High Dividend ETF by 26.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,914 shares of the company’s stock worth $766,000 after purchasing an additional 3,507 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Fidelity High Dividend ETF by 52.0% in the first quarter. Oppenheimer & Co. Inc. now owns 23,279 shares of the company’s stock worth $1,055,000 after purchasing an additional 7,962 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Fidelity High Dividend ETF by 28.6% in the first quarter. Kingsview Wealth Management LLC now owns 15,575 shares of the company’s stock valued at $706,000 after purchasing an additional 3,467 shares in the last quarter. Finally, First Foundation Advisors purchased a new position in shares of Fidelity High Dividend ETF during the first quarter valued at approximately $204,000.

Fidelity High Dividend ETF Stock Down 0.2 %

FDVV stock traded down $0.08 during trading on Wednesday, reaching $51.58. The stock had a trading volume of 100,963 shares, compared to its average volume of 338,723. Fidelity High Dividend ETF has a one year low of $39.30 and a one year high of $52.17. The company’s 50 day moving average is $50.52 and its two-hundred day moving average is $48.44. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82.

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.