Synovus Financial Corp Purchases 7,173 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Synovus Financial Corp boosted its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 109.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,719 shares of the company’s stock after acquiring an additional 7,173 shares during the period. Synovus Financial Corp’s holdings in Fidelity High Dividend ETF were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of 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 during the period. Independent Advisor Alliance acquired a new stake in Fidelity High Dividend ETF during the 4th quarter worth approximately $44,154,000. Raymond James Financial Inc. acquired a new stake in Fidelity High Dividend ETF during the 4th quarter worth approximately $27,783,000. AssuredPartners Investment Advisors LLC bought a new position in Fidelity High Dividend ETF in the fourth quarter valued at approximately $17,928,000. Finally, Commonwealth Equity Services LLC boosted 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.

Fidelity High Dividend ETF Stock Down 1.3 %

Shares of NYSEARCA:FDVV opened at $46.14 on Thursday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 15.53 and a beta of 0.93. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $52.78. The company’s fifty day simple moving average is $49.43 and its 200 day simple moving average is $50.47.

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.