Axis Wealth Partners LLC Makes New Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Axis Wealth Partners LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 4th quarter, HoldingsChannel reports. The fund bought 60,778 shares of the company’s stock, valued at approximately $3,035,000. Fidelity High Dividend ETF comprises approximately 2.6% of Axis Wealth Partners LLC’s holdings, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Fidelity High Dividend ETF by 6.3% in the 4th quarter. Larson Financial Group LLC now owns 5,908 shares of the company’s stock worth $295,000 after acquiring an additional 348 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Fidelity High Dividend ETF by 2.9% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,213 shares of the company’s stock valued at $460,000 after purchasing an additional 261 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter valued at $27,783,000. Dana Investment Advisors Inc. raised its stake in shares of Fidelity High Dividend ETF by 0.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 69,103 shares of the company’s stock worth $3,451,000 after buying an additional 489 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Fidelity High Dividend ETF by 907.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 8,243 shares of the company’s stock worth $412,000 after buying an additional 7,425 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV stock opened at $50.69 on Friday. The stock’s 50 day moving average price is $50.82 and its 200 day moving average price is $50.81. The firm has a market cap of $4.81 billion, a P/E ratio of 19.05 and a beta of 1.02. Fidelity High Dividend ETF has a 1 year low of $43.34 and a 1 year high of $52.78.

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.