Wells Fargo & Company MN lifted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474,633 shares of the company’s stock after purchasing an additional 102,369 shares during the quarter. Wells Fargo & Company MN owned about 1.17% of Fidelity High Dividend ETF worth $20,068,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of FDVV. Spire Wealth Management raised its position in Fidelity High Dividend ETF by 28.0% in the third quarter. Spire Wealth Management now owns 3,120 shares of the company’s stock worth $120,000 after acquiring an additional 682 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC raised its position in Fidelity High Dividend ETF by 11.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 3,773 shares of the company’s stock worth $159,000 after acquiring an additional 388 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Fidelity High Dividend ETF by 28.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,896 shares of the company’s stock worth $165,000 after acquiring an additional 867 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Fidelity High Dividend ETF in the fourth quarter worth about $177,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Fidelity High Dividend ETF in the fourth quarter worth about $206,000.
Shares of Fidelity High Dividend ETF stock opened at $46.32 on Friday. The company’s 50-day moving average price is $45.15 and its two-hundred day moving average price is $43.38. Fidelity High Dividend ETF has a 52 week low of $36.94 and a 52 week high of $46.89. The stock has a market cap of $2.67 billion, a PE ratio of 11.51 and a beta of 0.82.
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.
• Five stocks we like better than Fidelity High Dividend ETF
• What Are Dividend Champions? How to Invest in the Champions
• Pure Storage Stock Spikes and Analysts are Jumping on Board
• Are Penny Stocks a Good Fit for Your Portfolio?
• Stock Splits, Do They Really Impact Investors?
• Salesforce Falls 25% Into A Once in a Lifetime Opportunity
Want to see what other hedge funds are holding FDVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report).
Receive News & Ratings for Fidelity High Dividend ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fidelity High Dividend ETF and related companies with MarketBeat.com’s FREE daily email newsletter.…Read more by Defense World Staff
