Sequoia Financial Advisors LLC Purchases 2,676 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Sequoia Financial Advisors LLC lifted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,886 shares of the company’s stock after buying an additional 2,676 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $714,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Core Wealth Advisors Inc. increased its position in shares of Fidelity High Dividend ETF by 2.5% during the third quarter. Core Wealth Advisors Inc. now owns 11,153 shares of the company’s stock worth $430,000 after acquiring an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity High Dividend ETF by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,268 shares of the company’s stock worth $420,000 after purchasing an additional 277 shares during the period. FSC Wealth Advisors LLC increased its holdings in Fidelity High Dividend ETF by 7.0% during the 3rd quarter. FSC Wealth Advisors LLC now owns 4,336 shares of the company’s stock worth $167,000 after purchasing an additional 283 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in shares of Fidelity High Dividend ETF by 1.2% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 27,382 shares of the company’s stock valued at $1,043,000 after purchasing an additional 322 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Fidelity High Dividend ETF by 4.8% in the third quarter. Baird Financial Group Inc. now owns 7,442 shares of the company’s stock valued at $246,000 after purchasing an additional 339 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

FDVV stock opened at $43.78 on Tuesday. The stock has a market capitalization of $1.77 billion, a P/E ratio of 10.36 and a beta of 1.01. Fidelity High Dividend ETF has a fifty-two week low of $36.94 and a fifty-two week high of $45.42. The business has a 50-day moving average of $44.23 and a 200-day moving average of $41.83.

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.