Valmark Advisers Inc. Buys Shares of 80,947 Fidelity High Dividend ETF (NYSEARCA:FDVV)

Valmark Advisers Inc. purchased a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 80,947 shares of the company’s stock, valued at approximately $3,422,000. Valmark Advisers Inc. owned 0.20% of Fidelity High Dividend ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Core Wealth Advisors Inc. grew its holdings in Fidelity High Dividend ETF by 2.5% during the third quarter. Core Wealth Advisors Inc. now owns 11,153 shares of the company’s stock worth $430,000 after acquiring an additional 269 shares during the period. FSC Wealth Advisors LLC grew its holdings in Fidelity High Dividend ETF by 7.0% during the third quarter. FSC Wealth Advisors LLC now owns 4,336 shares of the company’s stock worth $167,000 after acquiring an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Fidelity High Dividend ETF by 3.7% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,680 shares of the company’s stock worth $367,000 after acquiring an additional 310 shares during the period. Householder Group Estate & Retirement Specialist LLC grew its holdings in Fidelity High Dividend ETF by 11.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 3,773 shares of the company’s stock worth $159,000 after acquiring an additional 388 shares during the period. Finally, Sigma Planning Corp increased its stake in Fidelity High Dividend ETF by 2.9% in the 3rd quarter. Sigma Planning Corp now owns 16,123 shares of the company’s stock worth $622,000 after purchasing an additional 455 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV traded up $0.06 during trading on Friday, reaching $44.41. The company had a trading volume of 234,498 shares, compared to its average volume of 286,887. The firm’s 50-day simple moving average is $44.36 and its 200 day simple moving average is $42.14. 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 has a 12-month low of $36.94 and a 12-month high of $45.42.

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.