Permanent Capital Management LP Acquires New Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Permanent Capital Management LP acquired a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,097 shares of the company’s stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDVV. Unique Wealth LLC bought a new stake in Fidelity High Dividend ETF during the first quarter valued at $2,004,000. Retirement Planning Group LLC boosted its holdings in shares of Fidelity High Dividend ETF by 595.3% in the 1st quarter. Retirement Planning Group LLC now owns 1,827,617 shares of the company’s stock valued at $90,650,000 after buying an additional 1,564,773 shares during the period. Clare Market Investments LLC boosted its holdings in shares of Fidelity High Dividend ETF by 18.2% in the 1st quarter. Clare Market Investments LLC now owns 23,175 shares of the company’s stock valued at $1,149,000 after buying an additional 3,575 shares during the period. TruWealth Advisors LLC grew its position in shares of Fidelity High Dividend ETF by 14.1% during the 1st quarter. TruWealth Advisors LLC now owns 16,085 shares of the company’s stock valued at $798,000 after buying an additional 1,986 shares during the last quarter. Finally, RFG Advisory LLC lifted its holdings in Fidelity High Dividend ETF by 1.4% in the first quarter. RFG Advisory LLC now owns 130,998 shares of the company’s stock worth $6,497,000 after acquiring an additional 1,869 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.3%

NYSEARCA:FDVV opened at $50.55 on Friday. The stock has a 50 day moving average of $48.30 and a 200-day moving average of $49.97. The firm has a market capitalization of $5.13 billion, a PE ratio of 16.62 and a beta of 0.92. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $52.78.

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.