Optivise Advisory Services LLC Makes New $1.71 Million Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Optivise Advisory Services LLC bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,137 shares of the company’s stock, valued at approximately $1,705,000. Fidelity High Dividend ETF makes up about 0.9% of Optivise Advisory Services LLC’s investment portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of FDVV. Tidemark LLC purchased a new stake in Fidelity High Dividend ETF in the fourth quarter worth about $29,000. Roxbury Financial LLC bought a new position in shares of Fidelity High Dividend ETF in the 4th quarter worth approximately $62,000. Archer Investment Corp purchased a new position in shares of Fidelity High Dividend ETF in the 4th quarter valued at approximately $98,000. Avion Wealth bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $128,000. Finally, Financial Perspectives Inc bought a new position in Fidelity High Dividend ETF in the fourth quarter worth $168,000.

Fidelity High Dividend ETF Trading Up 0.9 %

Shares of Fidelity High Dividend ETF stock opened at $46.56 on Monday. The business has a fifty day simple moving average of $49.23 and a two-hundred day simple moving average of $50.42. The firm has a market capitalization of $4.54 billion, a P/E 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.

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.