ZEGA Investments LLC Invests $227,000 in Fidelity High Dividend ETF (NYSEARCA:FDVV)

ZEGA Investments LLC bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,407 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF in the third quarter valued at about $25,000. Tidemark LLC purchased a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $29,000. Roxbury Financial LLC purchased a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $62,000. Glass Jacobson Investment Advisors llc purchased a new position in Fidelity High Dividend ETF during the 3rd quarter valued at about $75,000. Finally, Archer Investment Corp purchased a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $98,000.

Fidelity High Dividend ETF Stock Performance

FDVV opened at $49.65 on Friday. Fidelity High Dividend ETF has a 52-week low of $43.34 and a 52-week high of $52.78. The stock has a market capitalization of $4.69 billion, a PE ratio of 17.44 and a beta of 1.02. The stock’s 50 day moving average price is $50.77 and its 200-day moving average price is $50.81.

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.