Schmidt P J Investment Management Inc. Buys 612 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Schmidt P J Investment Management Inc. boosted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,134 shares of the company’s stock after acquiring an additional 612 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Fidelity High Dividend ETF were worth $1,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Octavia Wealth Advisors LLC increased its position in shares of Fidelity High Dividend ETF by 0.9% during the third quarter. Octavia Wealth Advisors LLC now owns 23,954 shares of the company’s stock worth $1,213,000 after acquiring an additional 222 shares in the last quarter. Melfa Wealth Management Inc. raised its stake in shares of Fidelity High Dividend ETF by 1.5% in the fourth quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock worth $872,000 after purchasing an additional 258 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Fidelity High Dividend ETF by 5.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock valued at $272,000 after purchasing an additional 260 shares in the last quarter. Ballew Advisors Inc lifted its holdings in shares of Fidelity High Dividend ETF by 1.0% in the fourth quarter. Ballew Advisors Inc now owns 27,908 shares of the company’s stock valued at $1,380,000 after purchasing an additional 266 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in shares of Fidelity High Dividend ETF by 0.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock valued at $2,047,000 after buying an additional 273 shares during the last quarter.

Fidelity High Dividend ETF Trading Up 1.2 %

Shares of NYSEARCA:FDVV opened at $50.95 on Thursday. The stock has a market cap of $2.94 billion, a PE ratio of 11.51 and a beta of 0.82. The stock’s fifty day simple moving average is $50.84 and its two-hundred day simple moving average is $50.30. Fidelity High Dividend ETF has a 1-year low of $42.53 and a 1-year high of $52.78.

Fidelity High Dividend ETF 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.