Beam Wealth Advisors Inc. Takes $1.45 Million Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Beam Wealth Advisors Inc. purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,001 shares of the company’s stock, valued at approximately $1,450,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bright Futures Wealth Management LLC. lifted its stake in Fidelity High Dividend ETF by 17.4% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 57,737 shares of the company’s stock worth $2,752,000 after purchasing an additional 8,549 shares in the last quarter. Private Advisor Group LLC lifted its position in Fidelity High Dividend ETF by 23.3% during the second quarter. Private Advisor Group LLC now owns 67,264 shares of the company’s stock worth $3,147,000 after buying an additional 12,720 shares in the last quarter. Larson Financial Group LLC lifted its position in Fidelity High Dividend ETF by 6,777.4% during the second quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock worth $199,000 after buying an additional 4,202 shares in the last quarter. Mascoma Wealth Management LLC boosted its stake in Fidelity High Dividend ETF by 4.4% during the second quarter. Mascoma Wealth Management LLC now owns 302,013 shares of the company’s stock worth $14,128,000 after buying an additional 12,623 shares during the last quarter. Finally, Octavia Wealth Advisors LLC grew its holdings in Fidelity High Dividend ETF by 17.9% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 23,732 shares of the company’s stock valued at $1,110,000 after buying an additional 3,600 shares in the last quarter.

Fidelity High Dividend ETF Stock Up 1.2 %

Shares of FDVV opened at $48.97 on Tuesday. Fidelity High Dividend ETF has a 52-week low of $36.94 and a 52-week high of $50.15. The stock has a fifty day simple moving average of $48.38 and a two-hundred day simple moving average of $46.46. The company has a market capitalization of $2.83 billion, a PE ratio of 11.51 and a beta of 0.82.

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.