Envestnet Portfolio Solutions Inc. Increases Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Envestnet Portfolio Solutions Inc. increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 27.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,620 shares of the company’s stock after acquiring an additional 4,706 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity High Dividend ETF were worth $1,011,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in Fidelity High Dividend ETF in the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC purchased a new stake in Fidelity High Dividend ETF in the 1st quarter worth about $35,000. LifeSteps Financial Inc. purchased a new stake in Fidelity High Dividend ETF in the 1st quarter worth about $39,000. ICA Group Wealth Management LLC purchased a new stake in Fidelity High Dividend ETF in the 4th quarter worth about $86,000. Finally, Valley National Advisers Inc. increased its holdings in Fidelity High Dividend ETF by 19.1% in the 1st quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock worth $137,000 after acquiring an additional 487 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV opened at $49.07 on Monday. The firm has a market cap of $2.83 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a fifty-two week low of $36.94 and a fifty-two week high of $49.10. The business has a 50-day moving average of $47.61 and a 200 day moving average of $45.76.

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.