Essex Financial Services Inc. Grows Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Essex Financial Services Inc. lifted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,655 shares of the company’s stock after acquiring an additional 7,117 shares during the quarter. Essex Financial Services Inc. owned approximately 0.11% of Fidelity High Dividend ETF worth $3,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Darwin Wealth Management LLC purchased a new position in Fidelity High Dividend ETF during the 3rd quarter worth $25,000. Glass Jacobson Investment Advisors llc bought a new stake in shares of Fidelity High Dividend ETF in the third quarter valued at about $75,000. Archer Investment Corp purchased a new stake in Fidelity High Dividend ETF in the fourth quarter worth about $98,000. Baker Avenue Asset Management LP bought a new position in Fidelity High Dividend ETF during the 3rd quarter worth about $205,000. Finally, Daymark Wealth Partners LLC purchased a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $206,000.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV opened at $51.34 on Tuesday. The company has a 50 day moving average price of $50.76 and a 200-day moving average price of $50.36. Fidelity High Dividend ETF has a fifty-two week low of $42.53 and a fifty-two week high of $52.78. The stock has a market capitalization of $2.96 billion, a PE ratio of 11.51 and a beta of 0.82.

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.