Mission Wealth Management LP Makes New Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Mission Wealth Management LP acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,811 shares of the company’s stock, valued at approximately $288,000.

A number of other institutional investors also recently made changes to their positions in FDVV. Spire Wealth Management lifted its stake in Fidelity High Dividend ETF by 28.0% in the third quarter. Spire Wealth Management now owns 3,120 shares of the company’s stock worth $120,000 after purchasing an additional 682 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Fidelity High Dividend ETF by 11.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 3,773 shares of the company’s stock valued at $159,000 after acquiring an additional 388 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in Fidelity High Dividend ETF during the 4th quarter valued at about $177,000. Cornerstone Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $206,000. Finally, Southern Capital Advisors LLC purchased a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $211,000.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $44.78 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 11.12 and a beta of 0.84. Fidelity High Dividend ETF has a fifty-two week low of $36.94 and a fifty-two week high of $45.42. The stock has a 50 day moving average price of $44.44 and a two-hundred day moving average price of $42.33.

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.