HighTower Advisors LLC Purchases 18,196 Shares of Fidelity High Dividend ETF $FDVV

HighTower Advisors LLC increased its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 80.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,894 shares of the company’s stock after acquiring an additional 18,196 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $2,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in Fidelity High Dividend ETF by 10.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock worth $170,548,000 after acquiring an additional 324,452 shares during the last quarter. LPL Financial LLC raised its holdings in Fidelity High Dividend ETF by 19.7% during the 1st quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock worth $109,164,000 after buying an additional 362,424 shares during the period. Retirement Planning Group LLC raised its holdings in Fidelity High Dividend ETF by 595.3% during the 1st quarter. Retirement Planning Group LLC now owns 1,827,617 shares of the company’s stock worth $90,650,000 after buying an additional 1,564,773 shares during the period. Envestnet Asset Management Inc. raised its holdings in Fidelity High Dividend ETF by 20.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,361,393 shares of the company’s stock worth $67,525,000 after buying an additional 232,467 shares during the period. Finally, Bank of America Corp DE raised its holdings in Fidelity High Dividend ETF by 18.6% during the 4th quarter. Bank of America Corp DE now owns 1,240,933 shares of the company’s stock worth $61,972,000 after buying an additional 194,782 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $55.30 on Friday. The company has a market capitalization of $6.34 billion, a P/E ratio of 17.18 and a beta of 1.01. The company’s 50 day moving average price is $53.21 and its two-hundred day moving average price is $50.75. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $55.39.

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.