Axis Wealth Partners LLC Makes New $3.04 Million Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Axis Wealth Partners LLC acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 60,778 shares of the company’s stock, valued at approximately $3,035,000. Fidelity High Dividend ETF accounts for approximately 2.6% of Axis Wealth Partners LLC’s portfolio, making the stock its 6th largest holding. Axis Wealth Partners LLC owned 0.11% of Fidelity High Dividend ETF at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FDVV. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the third quarter worth $25,000. Roxbury Financial LLC bought a new stake in Fidelity High Dividend ETF in the fourth quarter worth $62,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of Fidelity High Dividend ETF in the third quarter valued at $75,000. Archer Investment Corp purchased a new stake in Fidelity High Dividend ETF in the 4th quarter worth about $98,000. Finally, Avion Wealth bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $128,000.

Fidelity High Dividend ETF Trading Up 1.3 %

NYSEARCA:FDVV opened at $50.69 on Friday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 19.05 and a beta of 1.02. Fidelity High Dividend ETF has a twelve month low of $43.34 and a twelve month high of $52.78. The stock has a fifty day simple moving average of $50.82 and a 200-day simple moving average of $50.81.

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.