Golden State Wealth Management LLC Purchases Shares of 36,846 Fidelity High Dividend ETF $FDVV

Golden State Wealth Management LLC purchased a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 36,846 shares of the company’s stock, valued at approximately $1,917,000.

A number of other institutional investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in shares of Fidelity High Dividend ETF by 10.4% during the first quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock valued at $170,548,000 after acquiring an additional 324,452 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Fidelity High Dividend ETF by 19.7% in the first quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock valued at $109,164,000 after purchasing an additional 362,424 shares during the period. Retirement Planning Group LLC boosted its stake in shares of Fidelity High Dividend ETF by 9.3% in the second quarter. Retirement Planning Group LLC now owns 1,997,711 shares of the company’s stock valued at $103,921,000 after purchasing an additional 170,094 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity High Dividend ETF by 21.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,648,459 shares of the company’s stock valued at $85,753,000 after purchasing an additional 287,066 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of Fidelity High Dividend ETF by 62.6% in the first quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock valued at $44,854,000 after purchasing an additional 347,988 shares during the period.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $55.58 on Thursday. The firm has a 50 day simple moving average of $55.56 and a 200-day simple moving average of $53.04. Fidelity High Dividend ETF has a one year low of $42.81 and a one year high of $56.81. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92.

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.