Merit Financial Group LLC Acquires New Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Merit Financial Group LLC acquired a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 12,085 shares of the company’s stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Primoris Wealth Advisors LLC raised its stake in shares of Fidelity High Dividend ETF by 0.6% during the fourth quarter. Primoris Wealth Advisors LLC now owns 39,376 shares of the company’s stock valued at $1,966,000 after acquiring an additional 217 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Fidelity High Dividend ETF by 2.9% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,213 shares of the company’s stock valued at $460,000 after acquiring an additional 261 shares during the last quarter. Widmann Financial Services Inc. raised its stake in shares of Fidelity High Dividend ETF by 3.0% during the fourth quarter. Widmann Financial Services Inc. now owns 10,580 shares of the company’s stock valued at $528,000 after acquiring an additional 307 shares during the last quarter. Biondo Investment Advisors LLC raised its stake in shares of Fidelity High Dividend ETF by 0.9% during the fourth quarter. Biondo Investment Advisors LLC now owns 37,105 shares of the company’s stock valued at $1,853,000 after acquiring an additional 320 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Fidelity High Dividend ETF by 6.3% during the fourth quarter. Larson Financial Group LLC now owns 5,908 shares of the company’s stock valued at $295,000 after acquiring an additional 348 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

FDVV stock opened at $51.02 on Tuesday. The company has a fifty day moving average price of $48.35 and a 200-day moving average price of $49.93. The company has a market capitalization of $5.30 billion, a P/E ratio of 17.11 and a beta of 0.92. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $52.78.

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.