Fidelity High Dividend ETF $FDVV Shares Purchased by Powers Advisory Group LLC

Powers Advisory Group LLC boosted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) by 21.5% during the first quarter, HoldingsChannel.com reports. The fund owned 140,730 shares of the company’s stock after acquiring an additional 24,856 shares during the period. Fidelity High Dividend ETF accounts for about 2.7% of Powers Advisory Group LLC’s portfolio, making the stock its 11th biggest position. Powers Advisory Group LLC’s holdings in Fidelity High Dividend ETF were worth $7,774,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FDVV. Smithfield Trust Co lifted its holdings in shares of Fidelity High Dividend ETF by 2.4% in the 4th quarter. Smithfield Trust Co now owns 7,600 shares of the company’s stock worth $431,000 after purchasing an additional 175 shares during the last quarter. Meridian Wealth Management LLC boosted its position in Fidelity High Dividend ETF by 4.5% during the 4th quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock valued at $236,000 after purchasing an additional 179 shares during the period. Sweeney & Michel LLC grew its stake in Fidelity High Dividend ETF by 1.4% during the 1st quarter. Sweeney & Michel LLC now owns 17,981 shares of the company’s stock worth $1,034,000 after buying an additional 245 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Fidelity High Dividend ETF by 0.8% during the 4th quarter. Sunbelt Securities Inc. now owns 32,071 shares of the company’s stock worth $1,818,000 after buying an additional 246 shares during the last quarter. Finally, Essex Financial Services Inc. increased its position in Fidelity High Dividend ETF by 0.3% in the fourth quarter. Essex Financial Services Inc. now owns 83,170 shares of the company’s stock worth $4,715,000 after buying an additional 282 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV opened at $60.12 on Friday. The firm has a fifty day moving average of $60.05 and a 200-day moving average of $58.27. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1 year low of $51.59 and a 1 year high of $62.06.

Fidelity High Dividend ETF Company Profile

(Free Report)

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.

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