Prospect Financial Services LLC Makes New $1.24 Million Investment in Fidelity High Dividend ETF $FDVV

Prospect Financial Services LLC acquired a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 21,916 shares of the company’s stock, valued at approximately $1,242,000.

Several other large investors also recently bought and sold shares of the company. Retirement Planning Group LLC increased its stake in Fidelity High Dividend ETF by 5.3% during the 4th quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock worth $131,224,000 after buying an additional 115,547 shares in the last quarter. Bank of America Corp DE increased its stake in Fidelity High Dividend ETF by 34.6% during the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after buying an additional 572,218 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity High Dividend ETF by 11.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,840,363 shares of the company’s stock worth $102,527,000 after buying an additional 191,904 shares in the last quarter. Raymond James Financial Inc. increased its stake in Fidelity High Dividend ETF by 62.2% during the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after buying an additional 635,591 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Fidelity High Dividend ETF by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,044,083 shares of the company’s stock worth $58,166,000 after buying an additional 108,544 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 0.2%

NYSEARCA:FDVV opened at $60.17 on Friday. Fidelity High Dividend ETF has a 12 month low of $49.10 and a 12 month high of $60.23. The stock has a 50 day moving average of $57.48 and a two-hundred day moving average of $57.40. The firm has a market cap of $9.36 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.