Investment Advisory Services Group LLC Acquires 11,068 Shares of Fidelity High Dividend ETF $FDVV

Investment Advisory Services Group LLC increased its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,308 shares of the company’s stock after purchasing an additional 11,068 shares during the quarter. Fidelity High Dividend ETF makes up about 6.1% of Investment Advisory Services Group LLC’s investment portfolio, making the stock its 4th biggest holding. Investment Advisory Services Group LLC owned 0.08% of Fidelity High Dividend ETF worth $7,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDVV. LPL Financial LLC grew its holdings in shares of Fidelity High Dividend ETF by 36.8% in the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after acquiring an additional 1,655,768 shares in the last quarter. Raymond James Financial Inc. grew its stake in Fidelity High Dividend ETF by 62.2% in the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after purchasing an additional 635,591 shares in the last quarter. Bank of America Corp DE grew its stake 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 purchasing an additional 572,218 shares in the last quarter. Baer Investment Advisory LLC acquired a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth approximately $30,326,000. Finally, Jane Street Group LLC raised its stake in shares of Fidelity High Dividend ETF by 301.9% during the 2nd quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after purchasing an additional 394,131 shares in the last quarter.

Fidelity High Dividend ETF Stock Up 0.7%

Shares of NYSEARCA FDVV traded up $0.42 during trading hours on Tuesday, hitting $61.96. The company had a trading volume of 188,775 shares, compared to its average volume of 930,364. The stock has a market capitalization of $10.01 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1-year low of $52.48 and a 1-year high of $62.06. The firm’s 50 day moving average is $60.31 and its 200-day moving average is $58.44.

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.