Fidelity High Dividend ETF $FDVV Stake Raised by McIlrath & Eck LLC

McIlrath & Eck LLC grew its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,989 shares of the company’s stock after buying an additional 56,295 shares during the quarter. Fidelity High Dividend ETF accounts for 3.0% of McIlrath & Eck LLC’s holdings, making the stock its 8th largest holding. McIlrath & Eck LLC owned approximately 0.47% of Fidelity High Dividend ETF worth $40,711,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FDVV. Federation des caisses Desjardins du Quebec acquired a new stake in Fidelity High Dividend ETF in the fourth quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth about $26,000. Darwin Wealth Management LLC purchased a new stake in Fidelity High Dividend ETF in the second quarter valued at approximately $27,000. Optima Capital LLC purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at about $33,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Fidelity High Dividend ETF during the first quarter worth about $36,000.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $62.78 on Friday. The company’s fifty day moving average is $61.37 and its two-hundred day moving average is $59.12. Fidelity High Dividend ETF has a one year low of $52.86 and a one year high of $63.43. The firm has a market capitalization of $10.16 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.