Advyzon Investment Management LLC Invests $344,000 in Fidelity High Dividend ETF $FDVV

Advyzon Investment Management LLC purchased a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,607 shares of the company’s stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the 1st quarter worth $29,317,000. Arkadios Wealth Advisors grew its stake in shares of Fidelity High Dividend ETF by 369.2% in the second quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after acquiring an additional 393,830 shares in the last quarter. Regimen Wealth LLC acquired a new position in shares of Fidelity High Dividend ETF in the second quarter valued at about $19,200,000. LPL Financial LLC increased its position in Fidelity High Dividend ETF by 19.7% during the first quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock worth $109,164,000 after acquiring an additional 362,424 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Fidelity High Dividend ETF by 62.6% in the 1st quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock worth $44,854,000 after purchasing an additional 347,988 shares in the last quarter.

Fidelity High Dividend ETF Stock Up 0.6%

NYSEARCA FDVV opened at $56.45 on Wednesday. The firm has a 50-day moving average price of $55.63 and a two-hundred day moving average price of $53.34. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $56.81. The company has a market capitalization of $7.42 billion, a P/E ratio of 17.18 and a beta of 0.92.

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.