BG Investment Services Inc. Makes New Investment in Fidelity High Dividend ETF (NYSEARCA:FDVV)

BG Investment Services Inc. acquired a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,062 shares of the company’s stock, valued at approximately $1,451,000. Fidelity High Dividend ETF accounts for approximately 1.5% of BG Investment Services Inc.’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also recently modified their holdings of the company. Melfa Wealth Management Inc. lifted its position in Fidelity High Dividend ETF by 1.5% during the fourth quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock valued at $872,000 after purchasing an additional 258 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Fidelity High Dividend ETF by 2.9% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,213 shares of the company’s stock valued at $460,000 after buying an additional 261 shares during the last quarter. Ballew Advisors Inc lifted its holdings in shares of Fidelity High Dividend ETF by 1.0% in the 4th quarter. Ballew Advisors Inc now owns 27,908 shares of the company’s stock valued at $1,380,000 after buying an additional 266 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Fidelity High Dividend ETF by 0.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock worth $2,047,000 after buying an additional 273 shares during the last quarter. Finally, Tandem Capital Management Corp ADV grew its holdings in Fidelity High Dividend ETF by 3.3% during the fourth quarter. Tandem Capital Management Corp ADV now owns 9,470 shares of the company’s stock worth $473,000 after acquiring an additional 300 shares during the period.

Fidelity High Dividend ETF Trading Down 0.3 %

Shares of NYSEARCA:FDVV opened at $50.03 on Wednesday. Fidelity High Dividend ETF has a 12-month low of $43.34 and a 12-month high of $52.78. The business has a 50 day moving average of $50.79 and a two-hundred day moving average of $50.85. The company has a market capitalization of $4.72 billion, a PE ratio of 17.44 and a beta of 1.02.

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.