Truist Financial Corp Grows Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Truist Financial Corp increased its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,128 shares of the company’s stock after buying an additional 26,993 shares during the quarter. Truist Financial Corp owned about 0.24% of Fidelity High Dividend ETF worth $6,948,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $62,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at approximately $75,000. Archer Investment Corp purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $98,000. Finally, Avion Wealth purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $128,000.

Fidelity High Dividend ETF Stock Down 1.1 %

Shares of NYSEARCA FDVV opened at $51.73 on Friday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 52-week low of $43.34 and a 52-week high of $52.78. The business’s 50 day moving average is $50.73 and its two-hundred day moving average is $50.60.

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.