AssuredPartners Investment Advisors LLC Makes New Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 358,991 shares of the company’s stock, valued at approximately $17,928,000. Fidelity High Dividend ETF accounts for approximately 3.5% of AssuredPartners Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC raised its holdings in Fidelity High Dividend ETF by 96.5% during the fourth quarter. LPL Financial LLC now owns 1,838,464 shares of the company’s stock worth $91,813,000 after purchasing an additional 902,912 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at $44,154,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity High Dividend ETF in the 4th quarter worth $27,783,000. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity High Dividend ETF by 12.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,114,014 shares of the company’s stock valued at $155,514,000 after buying an additional 345,433 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Fidelity High Dividend ETF by 59.4% in the fourth quarter. JPMorgan Chase & Co. now owns 392,437 shares of the company’s stock valued at $19,598,000 after buying an additional 146,280 shares during the period.

Fidelity High Dividend ETF Stock Down 0.3 %

NYSEARCA:FDVV opened at $49.88 on Thursday. The business’s 50-day moving average price is $50.78 and its 200 day moving average price is $50.84. Fidelity High Dividend ETF has a 52-week low of $43.34 and a 52-week high of $52.78. The firm has a market cap of $4.71 billion, a P/E ratio of 17.44 and a beta of 1.02.

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.