Fidelity High Dividend ETF (NYSEARCA:FDVV) Position Raised by Lakeridge Wealth Management LLC

Lakeridge Wealth Management LLC raised its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 7.3% during the first quarter, HoldingsChannel reports. The firm owned 317,772 shares of the company’s stock after buying an additional 21,614 shares during the quarter. Fidelity High Dividend ETF comprises 7.9% of Lakeridge Wealth Management LLC’s holdings, making the stock its largest position. Lakeridge Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $15,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Primoris Wealth Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 0.6% during the fourth quarter. Primoris Wealth Advisors LLC now owns 39,376 shares of the company’s stock valued at $1,966,000 after buying an additional 217 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Fidelity High Dividend ETF by 2.9% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,213 shares of the company’s stock valued at $460,000 after buying an additional 261 shares during the last quarter. Widmann Financial Services Inc. grew its stake in shares of Fidelity High Dividend ETF by 3.0% during the fourth quarter. Widmann Financial Services Inc. now owns 10,580 shares of the company’s stock valued at $528,000 after buying an additional 307 shares during the last quarter. Octavia Wealth Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 1.3% during the first quarter. Octavia Wealth Advisors LLC now owns 24,811 shares of the company’s stock valued at $1,231,000 after buying an additional 311 shares during the last quarter. Finally, Biondo Investment Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 0.9% during the fourth quarter. Biondo Investment Advisors LLC now owns 37,105 shares of the company’s stock valued at $1,853,000 after buying an additional 320 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV opened at $51.14 on Friday. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 17.11 and a beta of 0.92. The stock’s 50 day moving average price is $48.85 and its 200-day moving average price is $49.93. Fidelity High Dividend ETF has a one year low of $42.81 and a one year high of $52.78.

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.