McIlrath & Eck LLC Buys 36,753 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

McIlrath & Eck LLC increased its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 615,628 shares of the company’s stock after buying an additional 36,753 shares during the period. Fidelity High Dividend ETF accounts for approximately 3.9% of McIlrath & Eck LLC’s investment portfolio, making the stock its 10th biggest position. McIlrath & Eck LLC’s holdings in Fidelity High Dividend ETF were worth $30,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidemark LLC acquired a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at approximately $29,000. Roxbury Financial LLC bought a new stake in Fidelity High Dividend ETF in the 4th quarter valued at $62,000. Archer Investment Corp bought a new stake in Fidelity High Dividend ETF in the 4th quarter valued at $98,000. Glen Eagle Advisors LLC acquired a new stake in Fidelity High Dividend ETF during the 4th quarter valued at $100,000. Finally, Avion Wealth acquired a new stake in Fidelity High Dividend ETF during the 4th quarter valued at $128,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $50.77 on Wednesday. The stock has a market cap of $5.15 billion, a PE ratio of 16.62 and a beta of 0.92. The firm has a 50-day moving average of $48.24 and a 200-day moving average of $50.07. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week 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.