Fidelity High Dividend ETF $FDVV Shares Purchased by KFG Wealth Management LLC

KFG Wealth Management LLC grew its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 20.1% during the 1st quarter, HoldingsChannel reports. The firm owned 58,974 shares of the company’s stock after buying an additional 9,870 shares during the period. KFG Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $3,258,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FDVV. Royal Bank of Canada lifted its stake in shares of Fidelity High Dividend ETF by 6.0% in the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after buying an additional 6,174 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Fidelity High Dividend ETF during the 2nd quarter valued at about $320,000. Qube Research & Technologies Ltd raised its holdings in Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after acquiring an additional 9,169 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock valued at $5,870,000 after acquiring an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000.

Fidelity High Dividend ETF Price Performance

FDVV opened at $60.48 on Thursday. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The company’s 50 day simple moving average is $59.97 and its two-hundred day simple moving average is $58.23. Fidelity High Dividend ETF has a 1-year low of $51.22 and a 1-year high of $62.06.

Fidelity High Dividend ETF Company 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.