Rainier Family Wealth Inc. purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,331 shares of the company’s stock, valued at approximately $1,108,000. Fidelity High Dividend ETF makes up 1.3% of Rainier Family Wealth Inc.’s portfolio, making the stock its 22nd largest position.
Several other large investors also recently added to or reduced their stakes in the stock. IMA Advisory Services Inc. purchased a new stake in Fidelity High Dividend ETF during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $34,000. Creekmur Asset Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $35,000. Bogart Wealth LLC raised its holdings in Fidelity High Dividend ETF by 299.5% during the 1st quarter. Bogart Wealth LLC now owns 803 shares of the company’s stock valued at $40,000 after buying an additional 602 shares during the period. Finally, Private Trust Co. NA bought a new stake in Fidelity High Dividend ETF in the first quarter worth $45,000.
Fidelity High Dividend ETF Stock Up 0.7%
NYSEARCA FDVV opened at $55.59 on Friday. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $55.62. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 17.18 and a beta of 1.01. The company has a fifty day moving average of $54.16 and a two-hundred day moving average of $51.09.
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.
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