Arkadios Wealth Advisors Grows Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Arkadios Wealth Advisors raised its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,532 shares of the company’s stock after buying an additional 17,430 shares during the quarter. Arkadios Wealth Advisors owned about 0.19% of Fidelity High Dividend ETF worth $5,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position 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 worth $12,468,000 after purchasing an additional 52,434 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Fidelity High Dividend ETF by 5.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after buying an additional 260 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Fidelity High Dividend ETF by 29.9% during the 3rd quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock valued at $837,000 after buying an additional 3,801 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Fidelity High Dividend ETF by 43.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,028 shares of the company’s stock valued at $1,622,000 after acquiring an additional 9,736 shares during the last quarter. Finally, FMR LLC grew its position in Fidelity High Dividend ETF by 4.7% in the third quarter. FMR LLC now owns 80,331 shares of the company’s stock worth $4,069,000 after acquiring an additional 3,620 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $50.88 on Friday. The company has a market cap of $2.94 billion, a PE ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 1 year low of $41.87 and a 1 year high of $52.78. The stock’s 50 day simple moving average is $51.09 and its two-hundred day simple moving average is $50.02.

Fidelity High Dividend ETF Profile

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.