Foresight Capital Management Advisors Inc. bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor bought 72,245 shares of the company’s stock, valued at approximately $4,387,000. Fidelity High Dividend ETF makes up approximately 2.2% of Foresight Capital Management Advisors Inc.’s portfolio, making the stock its 15th biggest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in Fidelity High Dividend ETF during the 1st quarter worth approximately $36,000. Oakworth Capital Inc. bought a new position in Fidelity High Dividend ETF in the third quarter worth approximately $42,000. Horrell Capital Management Inc. acquired a new stake in Fidelity High Dividend ETF in the third quarter valued at approximately $46,000. Bessemer Group Inc. acquired a new stake in Fidelity High Dividend ETF in the first quarter valued at approximately $56,000. Finally, Meramec Financial Planners LLC acquired a new stake in Fidelity High Dividend ETF in the first quarter valued at approximately $63,000.
Fidelity High Dividend ETF Stock Up 0.4%
NYSEARCA FDVV opened at $62.53 on Wednesday. Fidelity High Dividend ETF has a 52 week low of $53.77 and a 52 week high of $64.54. The business has a 50 day moving average price of $62.26 and a 200-day moving average price of $60.16. The company has a market cap of $10.52 billion, a price-to-earnings 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.
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Want to see what other hedge funds are holding FDVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report).
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