Avion Wealth Invests $128,000 in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Avion Wealth acquired a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,580 shares of the company’s stock, valued at approximately $128,000.

Other hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF during the 3rd quarter worth $25,000. Glass Jacobson Investment Advisors llc acquired a new position in Fidelity High Dividend ETF in the third quarter valued at about $75,000. Archer Investment Corp purchased a new position in Fidelity High Dividend ETF during the fourth quarter worth about $98,000. Baker Avenue Asset Management LP acquired a new stake in shares of Fidelity High Dividend ETF during the third quarter valued at about $205,000. Finally, Daymark Wealth Partners LLC purchased a new stake in shares of Fidelity High Dividend ETF in the 4th quarter valued at approximately $206,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV opened at $51.62 on Wednesday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a fifty-two week low of $42.53 and a fifty-two week high of $52.78. The company has a 50 day moving average price of $50.73 and a 200 day moving average price of $50.39.

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.