Melfa Wealth Management Inc. raised its position in Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,460 shares of the company’s stock after buying an additional 258 shares during the period. Melfa Wealth Management Inc.’s holdings in Fidelity High Dividend ETF were worth $872,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the third quarter valued at approximately $25,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Fidelity High Dividend ETF in the 3rd quarter valued at $75,000. Baker Avenue Asset Management LP bought a new position in shares of Fidelity High Dividend ETF in the 3rd quarter worth $205,000. Ellis Investment Partners LLC acquired a new stake in shares of Fidelity High Dividend ETF during the third quarter worth $209,000. Finally, Strategic Family Wealth Counselors L.L.C. bought a new stake in Fidelity High Dividend ETF in the third quarter valued at about $210,000.
Fidelity High Dividend ETF Trading Up 0.7 %
Shares of FDVV opened at $51.25 on Wednesday. The stock has a market cap of $2.96 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 1 year low of $42.53 and a 1 year high of $52.78. The stock’s 50-day moving average price is $51.07 and its two-hundred day moving average price is $50.08.
Fidelity High Dividend ETF 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.
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