Wells Fargo & Company MN Grows Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Wells Fargo & Company MN boosted its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900,523 shares of the company’s stock after purchasing an additional 199,194 shares during the quarter. Wells Fargo & Company MN owned about 1.56% of Fidelity High Dividend ETF worth $44,972,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in Fidelity High Dividend ETF by 12.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,114,014 shares of the company’s stock worth $155,514,000 after buying an additional 345,433 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Fidelity High Dividend ETF by 96.5% during the 4th quarter. LPL Financial LLC now owns 1,838,464 shares of the company’s stock valued at $91,813,000 after purchasing an additional 902,912 shares in the last quarter. Independent Advisor Alliance purchased a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $44,154,000. Childress Capital Advisors LLC increased its holdings in shares of Fidelity High Dividend ETF by 0.4% during the 4th quarter. Childress Capital Advisors LLC now owns 762,686 shares of the company’s stock valued at $38,089,000 after purchasing an additional 2,977 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in shares of Fidelity High Dividend ETF by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 578,875 shares of the company’s stock valued at $29,320,000 after purchasing an additional 74,731 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Fidelity High Dividend ETF stock opened at $46.85 on Thursday. The company’s fifty day moving average price is $49.87 and its 200 day moving average price is $50.62. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $52.78. The stock has a market capitalization of $4.57 billion, a P/E ratio of 15.53 and a beta of 0.93.

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.