Orion Porfolio Solutions LLC Increases Position in Fidelity High Dividend ETF $FDVV

Orion Porfolio Solutions LLC raised its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 27.6% during the third quarter, HoldingsChannel reports. The firm owned 113,312 shares of the company’s stock after purchasing an additional 24,529 shares during the period. Orion Porfolio Solutions LLC’s holdings in Fidelity High Dividend ETF were worth $6,313,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FDVV. Assetmark Inc. raised its holdings in shares of Fidelity High Dividend ETF by 80.5% during the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 211 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Fidelity High Dividend ETF in the 2nd quarter worth approximately $27,000. TD Waterhouse Canada Inc. purchased a new stake in Fidelity High Dividend ETF in the second quarter worth approximately $32,000. Oakworth Capital Inc. boosted its stake in Fidelity High Dividend ETF by 427.5% in the third quarter. Oakworth Capital Inc. now owns 691 shares of the company’s stock worth $38,000 after buying an additional 560 shares in the last quarter. Finally, Horrell Capital Management Inc. bought a new position in Fidelity High Dividend ETF during the second quarter valued at approximately $39,000.

Fidelity High Dividend ETF Stock Performance

Shares of Fidelity High Dividend ETF stock opened at $57.39 on Friday. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $60.12. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The company has a fifty day moving average of $58.14 and a 200-day moving average of $56.65.

Fidelity High Dividend ETF Company 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.