SRS Capital Advisors Inc. Increases Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

SRS Capital Advisors Inc. boosted its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 28.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,896 shares of the company’s stock after acquiring an additional 867 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Fidelity High Dividend ETF were worth $165,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity High Dividend ETF by 7.8% in the third quarter. Envestnet Asset Management Inc. now owns 571,551 shares of the company’s stock valued at $22,056,000 after purchasing an additional 41,353 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter valued at approximately $1,930,000. AdvisorNet Financial Inc boosted its stake in shares of Fidelity High Dividend ETF by 2.3% in the fourth quarter. AdvisorNet Financial Inc now owns 102,031 shares of the company’s stock valued at $4,314,000 after purchasing an additional 2,253 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Fidelity High Dividend ETF in the third quarter valued at approximately $647,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Fidelity High Dividend ETF by 3.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,680 shares of the company’s stock valued at $367,000 after purchasing an additional 310 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV traded up $0.43 during midday trading on Friday, hitting $44.78. The company’s stock had a trading volume of 213,851 shares, compared to its average volume of 284,311. The business’s fifty day simple moving average is $44.44 and its two-hundred day simple moving average is $42.33. Fidelity High Dividend ETF has a 1 year low of $36.94 and a 1 year high of $45.42. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 11.12 and a beta of 0.84.

Fidelity High Dividend ETF 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.