Axis Wealth Partners LLC Raises Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Axis Wealth Partners LLC boosted its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 2.0% during the 1st quarter, Holdings Channel reports. The firm owned 62,010 shares of the company’s stock after buying an additional 1,232 shares during the period. Fidelity High Dividend ETF comprises about 2.3% of Axis Wealth Partners LLC’s portfolio, making the stock its 9th biggest holding. Axis Wealth Partners LLC’s holdings in Fidelity High Dividend ETF were worth $3,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDVV. Retirement Planning Group LLC increased its stake in Fidelity High Dividend ETF by 595.3% in the 1st quarter. Retirement Planning Group LLC now owns 1,827,617 shares of the company’s stock worth $90,650,000 after acquiring an additional 1,564,773 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Fidelity High Dividend ETF by 96.5% during the 4th quarter. LPL Financial LLC now owns 1,838,464 shares of the company’s stock worth $91,813,000 after acquiring an additional 902,912 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $44,154,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $27,783,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Fidelity High Dividend ETF during the 1st quarter worth approximately $26,651,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $52.83 on Thursday. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $52.90. The business’s 50 day simple moving average is $50.23 and its 200-day simple moving average is $49.89.

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.