TFB Advisors LLC Makes New $210,000 Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

TFB Advisors LLC acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,199 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors have also recently made changes to their positions in the company. Sovran Advisors LLC purchased a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $3,940,000. Essex Financial Services Inc. lifted its holdings in shares of Fidelity High Dividend ETF by 12.4% in the fourth quarter. Essex Financial Services Inc. now owns 64,655 shares of the company’s stock worth $3,229,000 after buying an additional 7,117 shares in the last quarter. Principle Wealth Partners LLC boosted its position in shares of Fidelity High Dividend ETF by 3.0% during the fourth quarter. Principle Wealth Partners LLC now owns 76,434 shares of the company’s stock worth $3,817,000 after acquiring an additional 2,225 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Fidelity High Dividend ETF during the fourth quarter valued at $428,000. Finally, Kestra Private Wealth Services LLC increased its holdings in Fidelity High Dividend ETF by 0.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 96,836 shares of the company’s stock valued at $4,836,000 after acquiring an additional 451 shares during the last quarter.

Fidelity High Dividend ETF Stock Down 0.3 %

FDVV opened at $51.45 on Thursday. The company has a market capitalization of $2.97 billion, a PE ratio of 11.51 and a beta of 0.82. The firm has a 50-day simple moving average of $50.72 and a two-hundred day simple moving average of $50.41. Fidelity High Dividend ETF has a 52 week low of $42.53 and a 52 week high of $52.78.

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.