Focus Financial Network Inc. Takes $659,000 Position in Fidelity High Dividend ETF $FDVV

Focus Financial Network Inc. purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,625 shares of the company’s stock, valued at approximately $659,000.

Several other large investors also recently made changes to their positions in FDVV. Darwin Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth approximately $27,000. Oakworth Capital Inc. raised its position in shares of Fidelity High Dividend ETF by 427.5% in the third quarter. Oakworth Capital Inc. now owns 691 shares of the company’s stock valued at $38,000 after purchasing an additional 560 shares during the period. Trust Co. of Vermont acquired a new stake in Fidelity High Dividend ETF during the third quarter worth approximately $41,000. TD Waterhouse Canada Inc. lifted its holdings in Fidelity High Dividend ETF by 59.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 974 shares of the company’s stock worth $55,000 after purchasing an additional 363 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its holdings in shares of Fidelity High Dividend ETF by 83.3% during the third quarter. Capital Investment Advisory Services LLC now owns 1,140 shares of the company’s stock worth $64,000 after buying an additional 518 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 1.2%

FDVV stock opened at $53.90 on Friday. The company has a market cap of $7.86 billion, a PE ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $60.12. The business has a 50-day simple moving average of $57.75 and a 200 day simple moving average of $56.74.

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.