Silver Oak Securities Incorporated Purchases New Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Silver Oak Securities Incorporated acquired a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 54,279 shares of the company’s stock, valued at approximately $2,705,000. Silver Oak Securities Incorporated owned approximately 0.09% of Fidelity High Dividend ETF as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity High Dividend ETF by 11.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,768,581 shares of the company’s stock valued at $140,229,000 after purchasing an additional 287,984 shares in the last quarter. Childress Capital Advisors LLC lifted its position in shares of Fidelity High Dividend ETF by 0.4% during the 4th quarter. Childress Capital Advisors LLC now owns 762,686 shares of the company’s stock worth $38,089,000 after buying an additional 2,977 shares during the last quarter. McIlrath & Eck LLC boosted its stake in Fidelity High Dividend ETF by 14.8% in the third quarter. McIlrath & Eck LLC now owns 578,875 shares of the company’s stock valued at $29,320,000 after buying an additional 74,731 shares in the last quarter. Allworth Financial LP grew its position in Fidelity High Dividend ETF by 5.3% in the third quarter. Allworth Financial LP now owns 468,637 shares of the company’s stock valued at $23,736,000 after acquiring an additional 23,565 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Fidelity High Dividend ETF by 6.8% during the third quarter. Integrated Wealth Concepts LLC now owns 325,621 shares of the company’s stock worth $16,493,000 after acquiring an additional 20,832 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 1.2 %

FDVV opened at $50.95 on Thursday. The company has a market cap of $2.94 billion, a P/E ratio of 11.51 and a beta of 0.82. The company’s 50 day moving average is $50.84 and its 200-day moving average is $50.30. Fidelity High Dividend ETF has a 1-year low of $42.53 and a 1-year high of $52.78.

Fidelity High Dividend ETF Company 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.