Smith Moore & CO. Invests $295,000 in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Smith Moore & CO. acquired a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,910 shares of the company’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDVV. Tidemark LLC acquired a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth $29,000. Roxbury Financial LLC bought a new position in Fidelity High Dividend ETF during the 4th quarter worth $62,000. Glass Jacobson Investment Advisors llc acquired a new position in Fidelity High Dividend ETF during the 3rd quarter worth about $75,000. Archer Investment Corp bought a new stake in shares of Fidelity High Dividend ETF in the 4th quarter valued at about $98,000. Finally, Avion Wealth bought a new stake in shares of Fidelity High Dividend ETF in the 4th quarter valued at about $128,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $44.89 on Friday. The business has a 50-day moving average of $50.44 and a 200-day moving average of $50.80. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 15.53 and a beta of 0.93. Fidelity High Dividend ETF has a 1 year low of $43.34 and a 1 year high of $52.78.

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.