Fidelity High Dividend ETF $FDVV is Base Wealth Management LLC’s 9th Largest Position

Base Wealth Management LLC grew its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,060 shares of the company’s stock after acquiring an additional 31,041 shares during the quarter. Fidelity High Dividend ETF accounts for 4.4% of Base Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Base Wealth Management LLC owned about 0.10% of Fidelity High Dividend ETF worth $8,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of 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 worth $5,373,000 after purchasing an additional 6,174 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Fidelity High Dividend ETF during the 2nd quarter valued at about $4,101,000. Brown Advisory Inc. bought a new stake in Fidelity High Dividend ETF during the 2nd quarter valued at about $320,000. StoneX Group Inc. bought a new stake in Fidelity High Dividend ETF during the 2nd quarter valued at about $600,000. Finally, Qube Research & Technologies Ltd raised its holdings in Fidelity High Dividend ETF by 95.6% in the second 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 last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $55.60 on Monday. The firm’s 50 day moving average price is $57.55 and its 200-day moving average price is $56.75. The company has a market cap of $8.59 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.

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.