Fidelity High Dividend ETF (NYSEARCA:FDVV) Shares Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 1.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 45,687 shares of the company’s stock after acquiring an additional 555 shares during the period. Pathway Financial Advisers LLC owned approximately 0.08% of Fidelity High Dividend ETF worth $2,133,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake 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 valued at $766,000 after purchasing an additional 3,507 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $938,000. Oppenheimer & Co. Inc. increased its position in Fidelity High Dividend ETF by 52.0% in 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 bought a new stake in Fidelity High Dividend ETF in the first quarter valued at $204,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 222,397 shares of the company’s stock valued at $10,404,000 after acquiring an additional 762 shares during the period.

Fidelity High Dividend ETF Trading Up 0.6 %

NYSEARCA FDVV opened at $50.65 on Tuesday. The company has a 50-day moving average price of $48.97 and a two-hundred day moving average price of $47.03. Fidelity High Dividend ETF has a 52 week low of $36.94 and a 52 week high of $50.65. The stock has a market cap of $2.92 billion, a price-to-earnings 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.