Powers Advisory Group LLC Buys 18,873 Shares of Fidelity High Dividend ETF $FDVV

Powers Advisory Group LLC grew its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 115,874 shares of the company’s stock after acquiring an additional 18,873 shares during the period. Fidelity High Dividend ETF accounts for about 2.5% of Powers Advisory Group LLC’s investment portfolio, making the stock its 12th biggest holding. Powers Advisory Group LLC’s holdings in Fidelity High Dividend ETF were worth $6,569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Fidelity High Dividend ETF by 34.6% during the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after acquiring an additional 572,218 shares in the last quarter. Retirement Planning Group LLC raised its stake in shares of Fidelity High Dividend ETF by 10.1% during the third quarter. Retirement Planning Group LLC now owns 2,199,223 shares of the company’s stock valued at $122,519,000 after acquiring an additional 201,512 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Fidelity High Dividend ETF by 11.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,840,363 shares of the company’s stock valued at $102,527,000 after acquiring an additional 191,904 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Fidelity High Dividend ETF by 62.2% during the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after acquiring an additional 635,591 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Fidelity High Dividend ETF by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 1,044,083 shares of the company’s stock valued at $58,166,000 after acquiring an additional 108,544 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Fidelity High Dividend ETF stock opened at $56.96 on Thursday. The company has a 50 day moving average price of $57.44 and a 200-day moving average price of $56.76. Fidelity High Dividend ETF has a fifty-two week low of $43.06 and a fifty-two week high of $60.12. The company has a market capitalization of $8.80 billion, a PE ratio of 17.18 and a beta of 0.90.

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.