Concurrent Investment Advisors LLC Boosts Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Concurrent Investment Advisors LLC raised its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 135.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,563 shares of the company’s stock after acquiring an additional 23,884 shares during the period. Concurrent Investment Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $2,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in shares of Fidelity High Dividend ETF by 11.6% in 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 last quarter. Kestra Investment Management LLC purchased a new position in Fidelity High Dividend ETF in the 2nd quarter worth approximately $12,937,000. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity High Dividend ETF by 35.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,020,505 shares of the company’s stock worth $47,739,000 after buying an additional 268,292 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Fidelity High Dividend ETF by 130.8% during the 1st quarter. Cetera Investment Advisers now owns 384,733 shares of the company’s stock valued at $17,432,000 after buying an additional 218,023 shares in the last quarter. Finally, Childress Capital Advisors LLC lifted its holdings in shares of Fidelity High Dividend ETF by 38.5% during the 3rd quarter. Childress Capital Advisors LLC now owns 759,709 shares of the company’s stock worth $38,479,000 after acquiring an additional 211,267 shares during the last quarter.

Fidelity High Dividend ETF Stock Up 0.3 %

FDVV opened at $51.82 on Friday. The business’s fifty day simple moving average is $50.45 and its 200 day simple moving average is $48.28. Fidelity High Dividend ETF has a 52 week low of $38.36 and a 52 week high of $51.89. The stock has a market cap of $2.99 billion, a PE ratio of 11.51 and a beta of 0.82.

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.