Foundations Investment Advisors LLC Purchases 13,048 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Foundations Investment Advisors LLC boosted its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 273.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,814 shares of the company’s stock after purchasing an additional 13,048 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. raised its holdings in Fidelity High Dividend ETF by 13.8% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 3,100 shares of the company’s stock worth $154,000 after purchasing an additional 375 shares during the last quarter. LPL Financial LLC raised its holdings in Fidelity High Dividend ETF by 19.7% during the 1st quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock worth $109,164,000 after purchasing an additional 362,424 shares during the last quarter. Valued Retirements Inc. raised its holdings in Fidelity High Dividend ETF by 15.5% during the 1st quarter. Valued Retirements Inc. now owns 81,537 shares of the company’s stock worth $4,044,000 after purchasing an additional 10,947 shares during the last quarter. Cetera Investment Advisers raised its holdings in Fidelity High Dividend ETF by 28.5% during the 1st quarter. Cetera Investment Advisers now owns 808,542 shares of the company’s stock worth $40,104,000 after purchasing an additional 179,107 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Fidelity High Dividend ETF by 49.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 433,020 shares of the company’s stock worth $21,478,000 after purchasing an additional 143,310 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $53.90 on Thursday. The stock has a market cap of $6.01 billion, a PE ratio of 17.18 and a beta of 1.01. The stock has a 50-day moving average of $51.96 and a 200-day moving average of $50.33. Fidelity High Dividend ETF has a one year low of $42.81 and a one year high of $54.28.

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.