Flagship Wealth Advisors LLC Buys New Shares in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Flagship Wealth Advisors LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, HoldingsChannel.com reports. The firm bought 39,307 shares of the company’s stock, valued at approximately $1,963,000. Fidelity High Dividend ETF accounts for 1.1% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 21st biggest position.

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

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $49.72 on Monday. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 19.05 and a beta of 1.02. The business has a 50-day moving average of $50.77 and a two-hundred day moving average of $50.81. Fidelity High Dividend ETF has a 1 year low of $43.34 and a 1 year high of $52.78.

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.