LPL Financial LLC Buys 902,912 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

LPL Financial LLC grew its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 96.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,838,464 shares of the company’s stock after acquiring an additional 902,912 shares during the period. LPL Financial LLC’s holdings in Fidelity High Dividend ETF were worth $91,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of FDVV. Independent Advisor Alliance acquired a new stake in Fidelity High Dividend ETF during the fourth quarter worth approximately $44,154,000. Raymond James Financial Inc. acquired a new stake in Fidelity High Dividend ETF during the 4th quarter worth approximately $27,783,000. Commonwealth Equity Services LLC boosted its stake in Fidelity High Dividend ETF by 12.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,114,014 shares of the company’s stock valued at $155,514,000 after purchasing an additional 345,433 shares during the period. Madrona Financial Services LLC bought a new stake in Fidelity High Dividend ETF in the 4th quarter valued at $5,844,000. Finally, Sovran Advisors LLC acquired a new position in Fidelity High Dividend ETF in the 4th quarter valued at $3,940,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV opened at $50.03 on Wednesday. Fidelity High Dividend ETF has a 52 week low of $43.34 and a 52 week high of $52.78. The firm’s 50-day simple moving average is $50.79 and its 200 day simple moving average is $50.85. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 17.44 and a beta of 1.02.

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.