AE Wealth Management LLC Grows Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

AE Wealth Management LLC grew its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,242 shares of the company’s stock after purchasing an additional 4,455 shares during the period. AE Wealth Management LLC owned 0.13% of Fidelity High Dividend ETF worth $3,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in Fidelity High Dividend ETF by 26.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 16,914 shares of the company’s stock worth $766,000 after acquiring an additional 3,507 shares during the last quarter. Stephens Inc. AR acquired a new position in Fidelity High Dividend ETF in the fourth quarter valued at $938,000. Oppenheimer & Co. Inc. lifted its position in Fidelity High Dividend ETF by 52.0% during the first quarter. Oppenheimer & Co. Inc. now owns 23,279 shares of the company’s stock worth $1,055,000 after buying an additional 7,962 shares during the period. First Foundation Advisors acquired a new stake in Fidelity High Dividend ETF in the 1st quarter worth about $204,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Fidelity High Dividend ETF by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 222,397 shares of the company’s stock valued at $10,404,000 after buying an additional 762 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $50.06 on Monday. The firm’s 50-day simple moving average is $48.78 and its 200-day simple moving average is $46.83. Fidelity High Dividend ETF has a 1-year low of $36.94 and a 1-year high of $50.63. The firm has a market cap of $2.89 billion, a P/E 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.