80,947 Shares in Fidelity High Dividend ETF (NYSEARCA:FDVV) Bought by Valmark Advisers Inc.

Valmark Advisers Inc. acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, Holdings Channel reports. The firm acquired 80,947 shares of the company’s stock, valued at approximately $3,422,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in shares of Fidelity High Dividend ETF by 30.5% in the third quarter. Commonwealth Equity Services LLC now owns 1,658,376 shares of the company’s stock worth $63,997,000 after buying an additional 387,179 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelity High Dividend ETF by 7.8% in the third quarter. Envestnet Asset Management Inc. now owns 571,551 shares of the company’s stock worth $22,056,000 after buying an additional 41,353 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Fidelity High Dividend ETF by 130.3% in the third quarter. Integrated Wealth Concepts LLC now owns 520,222 shares of the company’s stock worth $20,075,000 after buying an additional 294,344 shares in the last quarter. LPL Financial LLC raised its position in shares of Fidelity High Dividend ETF by 7.7% in the third quarter. LPL Financial LLC now owns 498,323 shares of the company’s stock worth $19,230,000 after buying an additional 35,437 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in Fidelity High Dividend ETF by 2.4% during the third quarter. Kestra Advisory Services LLC now owns 396,854 shares of the company’s stock valued at $15,315,000 after purchasing an additional 9,248 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV traded up $0.06 during trading hours on Friday, reaching $44.41. 234,498 shares of the stock traded hands, compared to its average volume of 286,887. The stock has a 50 day simple moving average of $44.36 and a two-hundred day simple moving average of $42.14. Fidelity High Dividend ETF has a 1 year low of $36.94 and a 1 year high of $45.42. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 11.12 and a beta of 0.84.

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.