Tandem Capital Management Corp ADV Grows Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Tandem Capital Management Corp ADV lifted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,470 shares of the company’s stock after purchasing an additional 300 shares during the period. Tandem Capital Management Corp ADV’s holdings in Fidelity High Dividend ETF were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FDVV. Truist Financial Corp raised its holdings in Fidelity High Dividend ETF by 0.7% in the 2nd quarter. Truist Financial Corp now owns 81,142 shares of the company’s stock worth $3,796,000 after purchasing an additional 559 shares during the period. Sanctuary Advisors LLC bought a new position in Fidelity High Dividend ETF in the 2nd quarter worth $2,746,000. Lakeridge Wealth Management LLC raised its holdings in Fidelity High Dividend ETF by 3.6% in the 3rd quarter. Lakeridge Wealth Management LLC now owns 277,493 shares of the company’s stock worth $14,055,000 after purchasing an additional 9,746 shares during the period. Foresight Capital Management Advisors Inc. raised its holdings in Fidelity High Dividend ETF by 4.8% in the 3rd quarter. Foresight Capital Management Advisors Inc. now owns 69,520 shares of the company’s stock worth $3,521,000 after purchasing an additional 3,181 shares during the period. Finally, WealthCare Investment Partners LLC raised its holdings in Fidelity High Dividend ETF by 8.6% in the 3rd quarter. WealthCare Investment Partners LLC now owns 10,229 shares of the company’s stock worth $514,000 after purchasing an additional 807 shares during the period.

Fidelity High Dividend ETF Stock Down 0.7 %

NYSEARCA:FDVV opened at $50.15 on Tuesday. The business’s 50-day simple moving average is $50.93 and its two-hundred day simple moving average is $50.27. The stock has a market cap of $2.89 billion, a PE ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 52 week low of $42.53 and a 52 week high of $52.78.

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.