Moors & Cabot Inc. Takes Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Moors & Cabot Inc. purchased a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,022 shares of the company’s stock, valued at approximately $351,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity High Dividend ETF in the third quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new stake in Fidelity High Dividend ETF in the 4th quarter worth $62,000. Glass Jacobson Investment Advisors llc acquired a new position in Fidelity High Dividend ETF during the third quarter worth $75,000. Archer Investment Corp purchased a new position in Fidelity High Dividend ETF during the fourth quarter valued at $98,000. Finally, Avion Wealth acquired a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at about $128,000.

Fidelity High Dividend ETF Stock Up 1.8 %

FDVV stock opened at $49.72 on Friday. The stock has a market capitalization of $4.72 billion, a P/E ratio of 19.05 and a beta of 1.02. Fidelity High Dividend ETF has a 52 week low of $43.34 and a 52 week high of $52.78. The firm has a 50-day simple moving average of $50.77 and a 200-day simple moving average of $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.