Clare Market Investments LLC Invests $979,000 in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Clare Market Investments LLC acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,600 shares of the company’s stock, valued at approximately $979,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Independent Advisor Alliance acquired a new stake in shares of Fidelity High Dividend ETF in the fourth quarter worth $44,154,000. Axis Wealth Partners LLC acquired a new position in Fidelity High Dividend ETF during the 4th quarter valued at $3,035,000. Larson Financial Group LLC raised its stake in Fidelity High Dividend ETF by 6.3% during the 4th quarter. Larson Financial Group LLC now owns 5,908 shares of the company’s stock valued at $295,000 after purchasing an additional 348 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Fidelity High Dividend ETF by 2.9% during the 4th 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. Finally, Raymond James Financial Inc. acquired a new position in Fidelity High Dividend ETF during the 4th quarter valued at $27,783,000.

Fidelity High Dividend ETF Price Performance

NYSEARCA:FDVV opened at $50.69 on Monday. The stock 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 one year low of $43.34 and a one year high of $52.78. The company has a fifty day moving average price of $50.82 and a 200 day moving average price of $50.82.

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.