Tower Research Capital LLC TRC Acquires New Shares in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Tower Research Capital LLC TRC bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 641 shares of the company’s stock, valued at approximately $27,000.

A number of other large investors also recently modified their holdings of FDVV. Cambridge Investment Research Advisors Inc. lifted its stake in Fidelity High Dividend ETF by 43.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 171,644 shares of the company’s stock worth $6,624,000 after purchasing an additional 52,096 shares during the last quarter. Raymond James & Associates grew its position in Fidelity High Dividend ETF by 50.3% during the third quarter. Raymond James & Associates now owns 41,062 shares of the company’s stock valued at $1,585,000 after acquiring an additional 13,742 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Fidelity High Dividend ETF by 4.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 120,877 shares of the company’s stock worth $4,665,000 after acquiring an additional 5,492 shares in the last quarter. MWA Asset Management bought a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter worth approximately $442,000. Finally, Octavia Wealth Advisors LLC boosted its stake in shares of Fidelity High Dividend ETF by 4.8% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 127,727 shares of the company’s stock valued at $4,929,000 after purchasing an additional 5,854 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock traded up $0.43 on Friday, hitting $44.78. 213,851 shares of the company’s stock traded hands, compared to its average volume of 284,311. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 11.12 and a beta of 0.84. The company’s fifty day simple moving average is $44.44 and its 200 day simple moving average is $42.35. Fidelity High Dividend ETF has a one year low of $36.94 and a one year high of $45.42.

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.