Smith Moore & CO. Makes New $295,000 Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Smith Moore & CO. acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,910 shares of the company’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thoroughbred Financial Services LLC boosted its stake in Fidelity High Dividend ETF by 26.4% during the fourth quarter. Thoroughbred Financial Services LLC now owns 84,770 shares of the company’s stock worth $4,233,000 after acquiring an additional 17,718 shares in the last quarter. World Investment Advisors raised its holdings in shares of Fidelity High Dividend ETF by 4.0% during the fourth quarter. World Investment Advisors now owns 209,263 shares of the company’s stock valued at $10,451,000 after purchasing an additional 7,997 shares during the period. Nicolet Advisory Services LLC boosted its position in shares of Fidelity High Dividend ETF by 20.4% during the 4th quarter. Nicolet Advisory Services LLC now owns 18,070 shares of the company’s stock worth $892,000 after purchasing an additional 3,067 shares in the last quarter. Milestone Investment Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 14.7% in the 4th quarter. Milestone Investment Advisors LLC now owns 292,425 shares of the company’s stock valued at $14,604,000 after buying an additional 37,423 shares during the period. Finally, OneAscent Financial Services LLC bought a new stake in Fidelity High Dividend ETF in the 4th quarter valued at about $1,745,000.

Fidelity High Dividend ETF Stock Performance

FDVV stock opened at $44.89 on Friday. Fidelity High Dividend ETF has a fifty-two week low of $43.34 and a fifty-two week high of $52.78. The stock’s 50 day simple moving average is $50.44 and its 200 day simple moving average is $50.80. The company has a market cap of $4.38 billion, a P/E ratio of 15.53 and a beta of 0.93.

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.