Commonwealth Equity Services LLC Acquires 287,984 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Commonwealth Equity Services LLC lifted its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,768,581 shares of the company’s stock after purchasing an additional 287,984 shares during the period. Commonwealth Equity Services LLC owned 4.80% of Fidelity High Dividend ETF worth $140,229,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates lifted its stake in Fidelity High Dividend ETF by 223.6% in the third quarter. Raymond James & Associates now owns 116,653 shares of the company’s stock valued at $5,908,000 after buying an additional 80,604 shares during the period. Precedent Wealth Partners LLC increased its stake in shares of Fidelity High Dividend ETF by 89.0% in the 3rd quarter. Precedent Wealth Partners LLC now owns 9,762 shares of the company’s stock valued at $494,000 after acquiring an additional 4,597 shares during the last quarter. RFG Advisory LLC raised its position in shares of Fidelity High Dividend ETF by 19.6% in the 3rd quarter. RFG Advisory LLC now owns 138,225 shares of the company’s stock valued at $7,001,000 after acquiring an additional 22,625 shares during the period. TruWealth Advisors LLC boosted its stake in Fidelity High Dividend ETF by 28.7% during the 3rd quarter. TruWealth Advisors LLC now owns 12,151 shares of the company’s stock worth $615,000 after acquiring an additional 2,706 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Fidelity High Dividend ETF by 79.2% during the 3rd quarter. Global Retirement Partners LLC now owns 14,316 shares of the company’s stock worth $725,000 after acquiring an additional 6,326 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV traded up $0.24 during trading hours on Friday, hitting $51.72. The stock had a trading volume of 526,442 shares, compared to its average volume of 329,274. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a one year low of $36.94 and a one year high of $51.77. The business’s 50 day moving average is $49.92 and its 200-day moving average is $47.63.

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.