Raymond James Financial Inc. Acquires Shares of 556,318 Fidelity High Dividend ETF (NYSEARCA:FDVV)

Raymond James Financial Inc. acquired a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 556,318 shares of the company’s stock, valued at approximately $27,783,000. Raymond James Financial Inc. owned 0.96% of Fidelity High Dividend ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDVV. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Fidelity High Dividend ETF by 5.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock valued at $272,000 after acquiring an additional 260 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Fidelity High Dividend ETF by 80.8% in the third quarter. Oppenheimer & Co. Inc. now owns 65,240 shares of the company’s stock valued at $3,304,000 after buying an additional 29,160 shares during the last quarter. Lifeworks Advisors LLC bought a new position in shares of Fidelity High Dividend ETF in the third quarter valued at about $215,000. BluePointe Capital Management LLC raised its holdings in shares of Fidelity High Dividend ETF by 5.4% in the third quarter. BluePointe Capital Management LLC now owns 126,572 shares of the company’s stock valued at $6,411,000 after buying an additional 6,449 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Fidelity High Dividend ETF in the third quarter valued at about $245,000.

Fidelity High Dividend ETF Stock Up 1.8 %

Fidelity High Dividend ETF stock opened at $49.72 on Friday. The stock has a 50-day simple moving average of $50.77 and a 200 day simple moving average of $50.80. Fidelity High Dividend ETF has a 12-month low of $43.34 and a 12-month high of $52.78. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 19.05 and a beta of 1.02.

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.