KWB Wealth Makes New $3.47 Million Investment in Fidelity High Dividend ETF $FDVV

KWB Wealth bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 69,956 shares of the company’s stock, valued at approximately $3,470,000. KWB Wealth owned approximately 0.06% of Fidelity High Dividend ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. IMA Advisory Services Inc. purchased a new stake in Fidelity High Dividend ETF during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF during the first quarter worth $34,000. Creekmur Asset Management LLC acquired a new stake in Fidelity High Dividend ETF during the first quarter valued at $35,000. Bogart Wealth LLC grew its position in Fidelity High Dividend ETF by 299.5% during the first quarter. Bogart Wealth LLC now owns 803 shares of the company’s stock valued at $40,000 after buying an additional 602 shares during the period. Finally, Private Trust Co. NA acquired a new stake in Fidelity High Dividend ETF during the first quarter valued at $45,000.

Fidelity High Dividend ETF Stock Up 0.6%

Shares of NYSEARCA FDVV opened at $55.63 on Friday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 17.18 and a beta of 1.01. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $55.85. The company’s 50-day simple moving average is $54.69 and its 200-day simple moving average is $51.47.

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.