Farther Finance Advisors LLC Increases Stake in Fidelity High Dividend ETF $FDVV

Farther Finance Advisors LLC lifted its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 729.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,664 shares of the company’s stock after purchasing an additional 62,147 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $4,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDVV. Royal Bank of Canada raised its position in shares of Fidelity High Dividend ETF by 6.0% in the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after purchasing an additional 6,174 shares during the last quarter. Brown Advisory Inc. acquired a new position in Fidelity High Dividend ETF in the 2nd quarter worth approximately $320,000. Qube Research & Technologies Ltd increased its holdings in Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock worth $976,000 after buying an additional 9,169 shares during the period. NewEdge Advisors LLC increased its holdings in Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after buying an additional 37,501 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the 2nd quarter worth approximately $27,000.

Fidelity High Dividend ETF Trading Up 1.4%

Shares of NYSEARCA:FDVV opened at $59.18 on Friday. The company has a market cap of $9.16 billion, a PE ratio of 17.18 and a beta of 0.87. Fidelity High Dividend ETF has a twelve month low of $45.17 and a twelve month high of $60.12. The company’s 50 day moving average is $57.36 and its 200 day moving average is $56.87.

About Fidelity High Dividend ETF

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.