Fidelity High Dividend ETF $FDVV Stake Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 24.2% during the third quarter, Holdings Channel.com reports. The fund owned 1,788,968 shares of the company’s stock after buying an additional 348,680 shares during the quarter. Kestra Advisory Services LLC’s holdings in Fidelity High Dividend ETF were worth $108,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at about $193,871,000. Retirement Planning Group LLC purchased a new position in shares of Fidelity High Dividend ETF during the third quarter worth about $176,774,000. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity High Dividend ETF by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,581,834 shares of the company’s stock worth $155,659,000 after purchasing an additional 148,465 shares in the last quarter. Bank of America Corp DE increased its position in shares of Fidelity High Dividend ETF by 4.6% in the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock worth $130,765,000 after purchasing an additional 104,028 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Fidelity High Dividend ETF by 15.7% in the first quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock worth $111,440,000 after purchasing an additional 273,148 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $61.86 on Friday. The firm’s 50 day simple moving average is $62.14 and its 200 day simple moving average is $60.34. The company has a market capitalization of $10.40 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1-year low of $53.77 and a 1-year high of $64.54.

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.