PFG Investments LLC Takes Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

PFG Investments LLC bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,374 shares of the company’s stock, valued at approximately $618,000.

Other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF during the third quarter valued at about $25,000. Glass Jacobson Investment Advisors llc bought a new stake in Fidelity High Dividend ETF during the 3rd quarter valued at approximately $75,000. Baker Avenue Asset Management LP bought a new position in shares of Fidelity High Dividend ETF in the 3rd quarter worth approximately $205,000. Ellis Investment Partners LLC bought a new position in shares of Fidelity High Dividend ETF in the 3rd quarter worth approximately $209,000. Finally, Daymark Wealth Partners LLC bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $206,000.

Fidelity High Dividend ETF Trading Down 0.3 %

FDVV opened at $50.69 on Thursday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The stock has a fifty day simple moving average of $51.01 and a two-hundred day simple moving average of $50.23. Fidelity High Dividend ETF has a 12-month low of $42.53 and a 12-month high of $52.78.

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.