Valley National Advisers Inc. Has $271,000 Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Valley National Advisers Inc. grew its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 18.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,470 shares of the company’s stock after buying an additional 837 shares during the period. Valley National Advisers Inc.’s holdings in Fidelity High Dividend ETF were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in Fidelity High Dividend ETF by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 2,768,581 shares of the company’s stock worth $140,229,000 after purchasing an additional 287,984 shares during the period. Childress Capital Advisors LLC raised its holdings in shares of Fidelity High Dividend ETF by 38.5% in the 3rd quarter. Childress Capital Advisors LLC now owns 759,709 shares of the company’s stock worth $38,479,000 after buying an additional 211,267 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of Fidelity High Dividend ETF by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 578,875 shares of the company’s stock worth $29,320,000 after buying an additional 74,731 shares during the period. Allworth Financial LP boosted its stake in Fidelity High Dividend ETF by 5.3% in the 3rd quarter. Allworth Financial LP now owns 468,637 shares of the company’s stock valued at $23,736,000 after buying an additional 23,565 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Fidelity High Dividend ETF by 6.8% in the third quarter. Integrated Wealth Concepts LLC now owns 325,621 shares of the company’s stock valued at $16,493,000 after acquiring an additional 20,832 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $50.50 on Monday. Fidelity High Dividend ETF has a 52-week low of $42.53 and a 52-week high of $52.78. The business has a fifty day moving average of $50.93 and a two-hundred day moving average of $50.26. The stock has a market cap of $2.91 billion, a PE ratio of 11.51 and a beta of 0.82.

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.