Flagship Wealth Advisors LLC Makes New Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Flagship Wealth Advisors LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,307 shares of the company’s stock, valued at approximately $1,963,000. Fidelity High Dividend ETF comprises about 1.1% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 21st biggest holding. Flagship Wealth Advisors LLC owned about 0.07% of Fidelity High Dividend ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Fidelity High Dividend ETF by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 246,157 shares of the company’s stock worth $12,468,000 after acquiring an additional 52,434 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 14.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 6,400 shares of the company’s stock valued at $320,000 after buying an additional 803 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 29.9% in the third quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock valued at $837,000 after buying an additional 3,801 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Fidelity High Dividend ETF by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 33,467 shares of the company’s stock valued at $1,671,000 after buying an additional 1,439 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Fidelity High Dividend ETF by 4.7% in the third quarter. FMR LLC now owns 80,331 shares of the company’s stock valued at $4,069,000 after buying an additional 3,620 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 1.8 %

Shares of NYSEARCA FDVV opened at $49.72 on Monday. Fidelity High Dividend ETF has a twelve month low of $43.34 and a twelve month high of $52.78. The stock has a fifty day simple moving average of $50.77 and a 200-day simple moving average of $50.81. The stock has a market capitalization of $4.72 billion, a PE ratio of 19.05 and a beta of 1.02.

About Fidelity High Dividend ETF

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.