MONECO Advisors LLC Raises Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

MONECO Advisors LLC increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,520 shares of the company’s stock after acquiring an additional 1,350 shares during the period. MONECO Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Fidelity High Dividend ETF by 27.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 246,157 shares of the company’s stock worth $12,468,000 after acquiring an additional 52,434 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Fidelity High Dividend ETF by 5.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock valued at $272,000 after buying an additional 260 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Fidelity High Dividend ETF by 29.9% during the 3rd quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock valued at $837,000 after buying an additional 3,801 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Fidelity High Dividend ETF by 43.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 32,028 shares of the company’s stock valued at $1,622,000 after buying an additional 9,736 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Fidelity High Dividend ETF by 4.7% during the 3rd quarter. FMR LLC now owns 80,331 shares of the company’s stock valued at $4,069,000 after buying an additional 3,620 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $51.47 on Tuesday. The stock has a 50-day simple moving average of $50.73 and a two-hundred day simple moving average of $50.65. The firm has a market capitalization of $2.97 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a fifty-two week low of $43.34 and a fifty-two week high of $52.78.

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.