Fidelity High Dividend ETF (NYSEARCA:FDVV) is Dentgroup LLC’s 2nd Largest Position

Dentgroup LLC boosted its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 32.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,573 shares of the company’s stock after buying an additional 41,974 shares during the quarter. Fidelity High Dividend ETF accounts for approximately 6.5% of Dentgroup LLC’s holdings, making the stock its 2nd biggest holding. Dentgroup LLC owned about 0.29% of Fidelity High Dividend ETF worth $8,468,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in Fidelity High Dividend ETF by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 2,768,581 shares of the company’s stock worth $140,229,000 after acquiring an additional 287,984 shares during the period. Systelligence LLC purchased a new position in Fidelity High Dividend ETF during the third quarter valued at approximately $14,355,000. Kestra Investment Management LLC purchased a new position in shares of Fidelity High Dividend ETF during the 2nd quarter valued at $12,937,000. Envestnet Asset Management Inc. increased its position in Fidelity High Dividend ETF by 35.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,020,505 shares of the company’s stock worth $47,739,000 after purchasing an additional 268,292 shares during the last quarter. Finally, Childress Capital Advisors LLC increased its holdings in Fidelity High Dividend ETF by 38.5% in the third quarter. Childress Capital Advisors LLC now owns 759,709 shares of the company’s stock worth $38,479,000 after buying an additional 211,267 shares during the last quarter.

Fidelity High Dividend ETF Trading Up 0.8 %

FDVV stock traded up $0.42 during trading on Friday, hitting $50.40. The company had a trading volume of 533,991 shares, compared to its average volume of 602,633. The company has a fifty day moving average price of $51.28 and a two-hundred day moving average price of $49.79. Fidelity High Dividend ETF has a fifty-two week low of $41.74 and a fifty-two week high of $52.78. The company has a market cap of $2.91 billion, a P/E ratio of 11.51 and a beta of 0.82.

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.