Powers Advisory Group LLC Raises Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Powers Advisory Group LLC boosted its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 26.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,777 shares of the company’s stock after purchasing an additional 3,332 shares during the period. Powers Advisory Group LLC’s holdings in Fidelity High Dividend ETF were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Octavia Wealth Advisors LLC lifted its holdings in shares of Fidelity High Dividend ETF by 0.9% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 23,954 shares of the company’s stock valued at $1,213,000 after buying an additional 222 shares during the period. Perigon Wealth Management LLC boosted its position in Fidelity High Dividend ETF by 2.8% in the 1st quarter. Perigon Wealth Management LLC now owns 8,879 shares of the company’s stock worth $402,000 after purchasing an additional 245 shares in the last quarter. FSC Wealth Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 2.6% during the 2nd quarter. FSC Wealth Advisors LLC now owns 11,467 shares of the company’s stock worth $536,000 after purchasing an additional 293 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of Fidelity High Dividend ETF by 6.2% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 5,110 shares of the company’s stock worth $239,000 after purchasing an additional 300 shares during the period. Finally, MWA Asset Management increased its holdings in shares of Fidelity High Dividend ETF by 3.4% during the 2nd quarter. MWA Asset Management now owns 11,998 shares of the company’s stock valued at $561,000 after purchasing an additional 398 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $51.72 on Friday. The company has a market capitalization of $2.98 billion, a PE ratio of 11.51 and a beta of 0.82. The company’s fifty day moving average price is $49.92 and its 200 day moving average price is $47.65. Fidelity High Dividend ETF has a 1 year low of $36.94 and a 1 year high of $51.77.

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.