S&A Financial Services Inc. Makes New $2.42 Million Investment in Fidelity High Dividend ETF $FDVV

S&A Financial Services Inc. bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the first quarter, Holdings Channel.com reports. The firm bought 43,714 shares of the company’s stock, valued at approximately $2,415,000. Fidelity High Dividend ETF accounts for approximately 1.7% of S&A Financial Services Inc.’s holdings, making the stock its 18th largest holding.

Several other hedge funds have also modified their holdings of the stock. Royal Bank of Canada lifted its holdings in Fidelity High Dividend ETF by 6.0% during the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after buying an additional 6,174 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $320,000. Qube Research & Technologies Ltd increased its stake in shares of Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after buying an additional 9,169 shares during the period. NewEdge Advisors LLC raised its position in shares of Fidelity High Dividend ETF by 49.8% during the second quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after acquiring an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF during the second quarter worth $27,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $62.56 on Monday. Fidelity High Dividend ETF has a 12-month low of $52.86 and a 12-month high of $63.43. The firm has a market capitalization of $10.15 billion, a PE ratio of 17.18 and a beta of 0.86. The stock’s fifty day simple moving average is $61.41 and its 200-day simple moving average is $59.16.

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.