Element Wealth LLC Acquires 1,847 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Element Wealth LLC grew its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 15.8% in the fourth quarter, HoldingsChannel reports. The fund owned 13,555 shares of the company’s stock after buying an additional 1,847 shares during the period. Element Wealth LLC’s holdings in Fidelity High Dividend ETF were worth $677,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Melfa Wealth Management Inc. boosted its position in shares of Fidelity High Dividend ETF by 1.5% in the fourth quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock valued at $872,000 after acquiring an additional 258 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Fidelity High Dividend ETF by 5.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock valued at $272,000 after acquiring an additional 260 shares during the period. Ballew Advisors Inc boosted its position in shares of Fidelity High Dividend ETF by 1.0% in the fourth quarter. Ballew Advisors Inc now owns 27,908 shares of the company’s stock valued at $1,380,000 after acquiring an additional 266 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Fidelity High Dividend ETF by 0.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock valued at $2,047,000 after acquiring an additional 273 shares during the period. Finally, Tandem Capital Management Corp ADV boosted its position in shares of Fidelity High Dividend ETF by 3.3% in the fourth quarter. Tandem Capital Management Corp ADV now owns 9,470 shares of the company’s stock valued at $473,000 after acquiring an additional 300 shares during the period.

Fidelity High Dividend ETF Stock Down 1.1 %

FDVV opened at $51.73 on Friday. Fidelity High Dividend ETF has a twelve month low of $43.34 and a twelve month high of $52.78. The company has a 50-day simple moving average of $50.73 and a 200 day simple moving average of $50.56. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82.

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.