KWB Wealth Purchases 36,797 Shares of Fidelity High Dividend ETF $FDVV

KWB Wealth boosted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 52.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,753 shares of the company’s stock after purchasing an additional 36,797 shares during the quarter. KWB Wealth owned about 0.08% of Fidelity High Dividend ETF worth $5,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDVV. Jane Street Group LLC boosted its position in shares of Fidelity High Dividend ETF by 301.9% in the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after acquiring an additional 394,131 shares during the period. Arkadios Wealth Advisors boosted its holdings in Fidelity High Dividend ETF by 369.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after purchasing an additional 393,830 shares during the period. Regimen Wealth LLC acquired a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth approximately $19,200,000. Raymond James Financial Inc. grew its position in shares of Fidelity High Dividend ETF by 62.6% during the 1st quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock worth $44,854,000 after purchasing an additional 347,988 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Fidelity High Dividend ETF by 21.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,648,459 shares of the company’s stock worth $85,753,000 after purchasing an additional 287,066 shares during the period.

Fidelity High Dividend ETF Trading Down 0.2%

Shares of FDVV stock opened at $56.52 on Thursday. The stock has a market cap of $7.43 billion, a P/E ratio of 17.18 and a beta of 0.92. The stock has a 50 day simple moving average of $56.14 and a 200 day simple moving average of $54.58. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $57.44.

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.