Dentgroup LLC Increases Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Dentgroup LLC grew its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 32.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 169,573 shares of the company’s stock after acquiring an additional 41,974 shares during the period. Fidelity High Dividend ETF comprises 6.5% of Dentgroup LLC’s holdings, making the stock its 2nd biggest position. Dentgroup LLC’s holdings in Fidelity High Dividend ETF were worth $8,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDVV. Nations Financial Group Inc. IA ADV raised its stake 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 last quarter. HighTower Advisors LLC grew its stake in Fidelity High Dividend ETF by 29.9% in the third quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock valued at $837,000 after acquiring an additional 3,801 shares during the period. Janney Montgomery Scott LLC raised its holdings in Fidelity High Dividend ETF by 43.7% during the third quarter. Janney Montgomery Scott LLC now owns 32,028 shares of the company’s stock worth $1,622,000 after buying an additional 9,736 shares during the last quarter. FMR LLC lifted its position in Fidelity High Dividend ETF by 4.7% in the 3rd quarter. FMR LLC now owns 80,331 shares of the company’s stock valued at $4,069,000 after acquiring an additional 3,620 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity High Dividend ETF by 20.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 247,198 shares of the company’s stock worth $11,564,000 after acquiring an additional 41,719 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV traded up $0.42 during midday trading on Friday, reaching $50.40. The company had a trading volume of 533,991 shares, compared to its average volume of 602,633. The business has a 50-day moving average price of $51.28 and a two-hundred day moving average price of $49.79. Fidelity High Dividend ETF has a 12-month low of $41.74 and a 12-month high of $52.78. The stock has a market cap of $2.91 billion, a PE ratio of 11.51 and a beta of 0.82.

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.