Prentice Wealth Management LLC Makes New Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Prentice Wealth Management LLC purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 220,388 shares of the company’s stock, valued at approximately $10,931,000. Fidelity High Dividend ETF comprises approximately 3.2% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in Fidelity High Dividend ETF in the fourth quarter valued at about $507,000. US Bancorp DE boosted its holdings in shares of Fidelity High Dividend ETF by 36.9% in the 4th quarter. US Bancorp DE now owns 4,787 shares of the company’s stock valued at $239,000 after buying an additional 1,290 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Fidelity High Dividend ETF by 12.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,114,014 shares of the company’s stock worth $155,514,000 after buying an additional 345,433 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Fidelity High Dividend ETF in the 4th quarter worth approximately $311,000. Finally, NBC Securities Inc. raised its stake in shares of Fidelity High Dividend ETF by 66,500.0% during the 1st quarter. NBC Securities Inc. now owns 4,662 shares of the company’s stock worth $231,000 after acquiring an additional 4,655 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 1.1%

NYSEARCA:FDVV opened at $51.14 on Friday. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 17.11 and a beta of 0.92. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $52.78. The firm has a 50 day moving average of $48.85 and a 200 day moving average of $49.92.

About Fidelity High Dividend ETF

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.