Baer Investment Advisory LLC Purchases Shares of 548,990 Fidelity High Dividend ETF $FDVV

Baer Investment Advisory LLC purchased a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 548,990 shares of the company’s stock, valued at approximately $30,326,000. Fidelity High Dividend ETF accounts for about 3.7% of Baer Investment Advisory LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors have also modified their holdings of FDVV. LPL Financial LLC boosted its stake in shares of Fidelity High Dividend ETF by 36.8% in the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after buying an additional 1,655,768 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Fidelity High Dividend ETF by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock valued at $172,035,000 after acquiring an additional 75,387 shares in the last quarter. Morgan Stanley raised its position in Fidelity High Dividend ETF by 7.6% during the fourth quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock valued at $142,860,000 after acquiring an additional 177,157 shares in the last quarter. Retirement Planning Group LLC lifted its holdings in Fidelity High Dividend ETF by 5.3% in the fourth quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock valued at $131,224,000 after acquiring an additional 115,547 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Fidelity High Dividend ETF by 34.6% in 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 during the period.

Fidelity High Dividend ETF Stock Performance

Fidelity High Dividend ETF stock opened at $61.28 on Friday. The firm has a market cap of $9.90 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $52.48 and a 12 month high of $62.06. The stock’s 50 day simple moving average is $60.25 and its two-hundred day simple moving average is $58.39.

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.