Advisors Preferred LLC Acquires Shares of 13,846 Fidelity High Dividend ETF (NYSEARCA:FDVV)

Advisors Preferred LLC bought a new position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,846 shares of the company’s stock, valued at approximately $692,000.

A number of other institutional investors have also modified their holdings of FDVV. JPMorgan Chase & Co. increased its holdings in Fidelity High Dividend ETF by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 246,157 shares of the company’s stock worth $12,468,000 after purchasing an additional 52,434 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of Fidelity High Dividend ETF by 5.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock valued at $272,000 after buying an additional 260 shares during the period. HighTower Advisors LLC raised its holdings in shares of Fidelity High Dividend ETF by 29.9% in the third quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock valued at $837,000 after acquiring an additional 3,801 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Fidelity High Dividend ETF by 43.7% in the third quarter. Janney Montgomery Scott LLC now owns 32,028 shares of the company’s stock worth $1,622,000 after acquiring an additional 9,736 shares during the period. Finally, FMR LLC lifted its stake in Fidelity High Dividend ETF by 4.7% in the third quarter. FMR LLC now owns 80,331 shares of the company’s stock worth $4,069,000 after acquiring an additional 3,620 shares during the period.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $50.88 on Friday. Fidelity High Dividend ETF has a one year low of $42.53 and a one year high of $52.78. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The company’s 50-day simple moving average is $50.79 and its two-hundred day simple moving average is $50.31.

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.