IFP Advisors Inc Buys 24,246 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

IFP Advisors Inc lifted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,833 shares of the company’s stock after acquiring an additional 24,246 shares during the quarter. IFP Advisors Inc owned approximately 0.27% of Fidelity High Dividend ETF worth $7,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the third quarter worth about $25,000. Roxbury Financial LLC bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth about $62,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Fidelity High Dividend ETF during the third quarter worth about $75,000. Archer Investment Corp bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth about $98,000. Finally, Avion Wealth bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth about $128,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $51.73 on Monday. Fidelity High Dividend ETF has a 1 year low of $43.34 and a 1 year high of $52.78. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The business has a 50-day moving average of $50.73 and a 200-day moving average of $50.63.

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.