Fidelity High Dividend ETF (NYSEARCA:FDVV) Shares Purchased by Marmo Financial Group LLC

Marmo Financial Group LLC increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,226 shares of the company’s stock after acquiring an additional 538 shares during the period. Fidelity High Dividend ETF comprises about 2.8% of Marmo Financial Group LLC’s portfolio, making the stock its 9th largest position. Marmo Financial Group LLC owned about 0.18% of Fidelity High Dividend ETF worth $5,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in shares of Fidelity High Dividend ETF by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 2,768,581 shares of the company’s stock valued at $140,229,000 after acquiring an additional 287,984 shares during the period. Systelligence LLC bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at approximately $14,355,000. Childress Capital Advisors LLC increased its holdings in shares of Fidelity High Dividend ETF by 38.5% during the third quarter. Childress Capital Advisors LLC now owns 759,709 shares of the company’s stock worth $38,479,000 after buying an additional 211,267 shares in the last quarter. Madrona Financial Services LLC acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter valued at about $5,844,000. Finally, Kovack Advisors Inc. raised its holdings in Fidelity High Dividend ETF by 138.5% in the 3rd quarter. Kovack Advisors Inc. now owns 200,738 shares of the company’s stock valued at $10,167,000 after buying an additional 116,557 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.8 %

NYSEARCA FDVV opened at $50.50 on Friday. The company has a fifty day simple moving average of $50.97 and a 200 day simple moving average of $50.24. Fidelity High Dividend ETF has a 12-month low of $42.53 and a 12-month high of $52.78. The company has a market cap of $2.91 billion, a P/E ratio of 11.51 and a beta of 0.82.

About Fidelity High Dividend ETF

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.