Kovack Advisors Inc. Increases Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Kovack Advisors Inc. grew its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 202,256 shares of the company’s stock after buying an additional 1,518 shares during the quarter. Fidelity High Dividend ETF accounts for approximately 1.0% of Kovack Advisors Inc.’s portfolio, making the stock its 16th biggest position. Kovack Advisors Inc.’s holdings in Fidelity High Dividend ETF were worth $10,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FDVV. IFP Advisors Inc lifted its stake in Fidelity High Dividend ETF by 18.7% during the fourth quarter. IFP Advisors Inc now owns 153,833 shares of the company’s stock worth $7,682,000 after purchasing an additional 24,246 shares during the last quarter. MONECO Advisors LLC lifted its stake in Fidelity High Dividend ETF by 21.9% during the fourth quarter. MONECO Advisors LLC now owns 7,520 shares of the company’s stock worth $376,000 after purchasing an additional 1,350 shares during the last quarter. Element Wealth LLC lifted its stake in Fidelity High Dividend ETF by 15.8% during the fourth quarter. Element Wealth LLC now owns 13,555 shares of the company’s stock worth $677,000 after purchasing an additional 1,847 shares during the last quarter. Capital Advisory Group Advisory Services LLC lifted its stake in Fidelity High Dividend ETF by 154.7% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 25,154 shares of the company’s stock worth $1,256,000 after purchasing an additional 15,280 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Fidelity High Dividend ETF by 3.1% during the fourth quarter. Private Advisor Group LLC now owns 87,506 shares of the company’s stock worth $4,370,000 after purchasing an additional 2,628 shares during the last quarter.

Fidelity High Dividend ETF Stock Down 0.4 %

FDVV stock opened at $51.29 on Thursday. The business has a 50 day moving average price of $50.77 and a 200 day moving average price of $50.72. The stock has a market cap of $2.96 billion, a price-to-earnings 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.