Strategic Financial Concepts LLC Takes Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Strategic Financial Concepts LLC bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, Holdings Channel reports. The firm bought 10,156 shares of the company’s stock, valued at approximately $507,000.

A number of other institutional investors also recently bought and sold shares of FDVV. Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF in the third quarter worth $25,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Fidelity High Dividend ETF in the 3rd quarter valued at $75,000. Baker Avenue Asset Management LP purchased a new position in Fidelity High Dividend ETF in the 3rd quarter worth $205,000. Daymark Wealth Partners LLC acquired a new stake in Fidelity High Dividend ETF during the 4th quarter worth about $206,000. Finally, Ellis Investment Partners LLC purchased a new stake in Fidelity High Dividend ETF during the 3rd quarter valued at about $209,000.

Fidelity High Dividend ETF Stock Up 0.5 %

Shares of NYSEARCA:FDVV opened at $51.62 on Wednesday. Fidelity High Dividend ETF has a 52-week low of $42.53 and a 52-week high of $52.78. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The business has a 50-day moving average price of $50.73 and a 200-day moving average price of $50.39.

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.