Fidelity High Dividend ETF (NYSEARCA:FDVV) Shares Acquired by Cetera Advisors LLC

Cetera Advisors LLC increased its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 565.6% in the first quarter, Holdings Channel.com reports. The firm owned 152,312 shares of the company’s stock after purchasing an additional 129,429 shares during the period. Cetera Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $6,901,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FDVV. Envestnet Portfolio Solutions Inc. grew its holdings in Fidelity High Dividend ETF by 26.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,914 shares of the company’s stock valued at $766,000 after buying an additional 3,507 shares during the period. Stephens Inc. AR acquired a new position in Fidelity High Dividend ETF during the fourth quarter worth approximately $938,000. First Foundation Advisors purchased a new position in Fidelity High Dividend ETF during the first quarter worth approximately $204,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 52.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 23,279 shares of the company’s stock valued at $1,055,000 after purchasing an additional 7,962 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at $1,930,000.

Fidelity High Dividend ETF Stock Down 0.9 %

Shares of FDVV stock traded down $0.45 on Friday, reaching $47.67. 369,684 shares of the stock were exchanged, compared to its average volume of 295,434. The stock has a market cap of $2.75 billion, a P/E ratio of 11.51 and a beta of 0.82. The firm has a 50 day moving average of $47.43 and a two-hundred day moving average of $45.38. Fidelity High Dividend ETF has a 1-year low of $36.94 and a 1-year high of $48.96.

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.