Investment Advisory Services Inc. TX ADV Buys 10,748 Shares of Fidelity High Dividend ETF $FDVV

Investment Advisory Services Inc. TX ADV boosted its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,109 shares of the company’s stock after buying an additional 10,748 shares during the quarter. Fidelity High Dividend ETF accounts for approximately 2.0% of Investment Advisory Services Inc. TX ADV’s investment portfolio, making the stock its 13th largest position. Investment Advisory Services Inc. TX ADV owned 0.07% of Fidelity High Dividend ETF worth $6,193,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at $25,000. Monetary Solutions Ltd bought a new stake in shares of Fidelity High Dividend ETF in the 4th quarter worth about $26,000. Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth about $27,000. Optima Capital LLC purchased a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth about $33,000. Finally, Dunhill Financial LLC bought a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $41,000.

Fidelity High Dividend ETF Trading Up 0.1%

Shares of NYSEARCA:FDVV opened at $60.44 on Wednesday. Fidelity High Dividend ETF has a 12 month low of $51.16 and a 12 month high of $62.06. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The firm’s 50-day moving average is $59.91 and its 200 day moving average is $58.21.

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.