Oppenheimer & Co. Inc. Buys 29,160 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Oppenheimer & Co. Inc. increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 80.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,240 shares of the company’s stock after acquiring an additional 29,160 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.11% of Fidelity High Dividend ETF worth $3,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDVV. Octavia Wealth Advisors LLC increased its stake in shares of Fidelity High Dividend ETF by 0.9% in the third quarter. Octavia Wealth Advisors LLC now owns 23,954 shares of the company’s stock worth $1,213,000 after purchasing an additional 222 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Fidelity High Dividend ETF by 5.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after buying an additional 260 shares in the last quarter. FSC Wealth Advisors LLC raised its holdings in Fidelity High Dividend ETF by 2.6% during the second quarter. FSC Wealth Advisors LLC now owns 11,467 shares of the company’s stock valued at $536,000 after acquiring an additional 293 shares during the period. MWA Asset Management lifted its position in shares of Fidelity High Dividend ETF by 3.4% in the second quarter. MWA Asset Management now owns 11,998 shares of the company’s stock valued at $561,000 after acquiring an additional 398 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in shares of Fidelity High Dividend ETF by 1.2% in the second quarter. Pathway Financial Advisers LLC now owns 45,687 shares of the company’s stock worth $2,133,000 after acquiring an additional 555 shares during the period.

Fidelity High Dividend ETF Trading Down 0.4 %

NYSEARCA:FDVV opened at $51.35 on Friday. The stock has a 50-day moving average price of $50.67 and a 200 day moving average price of $48.54. The stock has a market capitalization of $2.96 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 12-month low of $39.52 and a 12-month high of $52.17.

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.