SHP Wealth Management Makes New Investment in Fidelity High Dividend ETF $FDVV

SHP Wealth Management acquired a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 192,861 shares of the company’s stock, valued at approximately $10,933,000. Fidelity High Dividend ETF accounts for approximately 0.9% of SHP Wealth Management’s portfolio, making the stock its 18th biggest position. SHP Wealth Management owned 0.13% of Fidelity High Dividend ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of FDVV. Federation des caisses Desjardins du Quebec acquired a new position in Fidelity High Dividend ETF during the 4th quarter worth $25,000. Monetary Solutions Ltd purchased a new stake in Fidelity High Dividend ETF during the 4th quarter worth about $26,000. Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000. Optima Capital LLC acquired a new stake in Fidelity High Dividend ETF in the 4th quarter valued at about $33,000. Finally, Dunhill Financial LLC purchased a new position in shares of Fidelity High Dividend ETF in the 4th quarter valued at about $41,000.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV opened at $60.59 on Friday. Fidelity High Dividend ETF has a 1 year low of $50.53 and a 1 year high of $62.06. The stock has a market capitalization of $9.42 billion, a PE ratio of 17.18 and a beta of 0.86. The stock has a 50-day simple moving average of $59.79 and a 200-day simple moving average of $58.15.

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.