Independent Advisor Alliance Acquires Shares of 884,143 Fidelity High Dividend ETF (NYSEARCA:FDVV)

Independent Advisor Alliance bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, Holdings Channel.com reports. The fund bought 884,143 shares of the company’s stock, valued at approximately $44,154,000.

A number of other hedge funds have also recently modified their holdings of the stock. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter worth $25,000. Roxbury Financial LLC purchased a new stake in Fidelity High Dividend ETF in the fourth quarter valued at approximately $62,000. Glass Jacobson Investment Advisors llc purchased a new stake in Fidelity High Dividend ETF in the third quarter valued at approximately $75,000. Archer Investment Corp acquired a new position in Fidelity High Dividend ETF during the fourth quarter valued at approximately $98,000. Finally, Avion Wealth acquired a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth $128,000.

Fidelity High Dividend ETF Price Performance

FDVV opened at $50.69 on Monday. Fidelity High Dividend ETF has a 12-month low of $43.34 and a 12-month high of $52.78. The firm’s fifty day moving average price is $50.82 and its 200 day moving average price is $50.82. The stock has a market capitalization of $4.81 billion, a PE ratio of 19.05 and a beta of 1.02.

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.