Merit Financial Group LLC Has $3.29 Million Position in Fidelity High Dividend ETF $FDVV

Merit Financial Group LLC grew its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,089 shares of the company’s stock after buying an additional 18,513 shares during the quarter. Merit Financial Group LLC’s holdings in Fidelity High Dividend ETF were worth $3,293,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Base Wealth Management LLC boosted its position in Fidelity High Dividend ETF by 27.5% during the fourth quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock valued at $8,167,000 after purchasing an additional 31,041 shares during the last quarter. Savvy Advisors Inc. increased its position in shares of Fidelity High Dividend ETF by 55.6% during the 4th quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock worth $2,862,000 after purchasing an additional 18,037 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Fidelity High Dividend ETF by 23.4% during the 3rd quarter. Global Retirement Partners LLC now owns 92,881 shares of the company’s stock worth $5,174,000 after purchasing an additional 17,608 shares in the last quarter. Focus Financial Network Inc. bought a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $659,000. Finally, Centerline Wealth Advisors LLC raised its stake in shares of Fidelity High Dividend ETF by 42.5% during the 3rd quarter. Centerline Wealth Advisors LLC now owns 95,324 shares of the company’s stock worth $5,310,000 after purchasing an additional 28,410 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of Fidelity High Dividend ETF stock opened at $59.18 on Monday. Fidelity High Dividend ETF has a 12-month low of $45.17 and a 12-month high of $60.12. The stock has a market cap of $9.16 billion, a P/E ratio of 17.18 and a beta of 0.87. The business’s 50 day moving average is $57.36 and its 200-day moving average is $56.88.

Fidelity High Dividend ETF Company 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.