Schmidt P J Investment Management Inc. Acquires 6,488 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Schmidt P J Investment Management Inc. lifted its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 49.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,522 shares of the company’s stock after buying an additional 6,488 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Fidelity High Dividend ETF were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDVV. EverSource Wealth Advisors LLC acquired a new stake in Fidelity High Dividend ETF in the first quarter valued at approximately $35,000. Hantz Financial Services Inc. purchased a new stake in Fidelity High Dividend ETF during the 2nd quarter valued at approximately $51,000. Valley National Advisers Inc. raised its stake in shares of Fidelity High Dividend ETF by 19.1% during the 1st quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock worth $137,000 after buying an additional 487 shares in the last quarter. ICA Group Wealth Management LLC grew its holdings in shares of Fidelity High Dividend ETF by 105.5% in the 2nd quarter. ICA Group Wealth Management LLC now owns 3,029 shares of the company’s stock worth $142,000 after acquiring an additional 1,555 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Fidelity High Dividend ETF by 6,777.4% during the 2nd quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock valued at $199,000 after buying an additional 4,202 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.1 %

Shares of FDVV opened at $51.25 on Friday. The firm has a market capitalization of $2.96 billion, a P/E ratio of 11.51 and a beta of 0.82. The stock’s fifty day simple moving average is $50.18 and its 200 day simple moving average is $47.81. Fidelity High Dividend ETF has a twelve month low of $36.94 and a twelve month high of $51.81.

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.