Schmidt P J Investment Management Inc. Acquires 612 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Schmidt P J Investment Management Inc. grew its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,134 shares of the company’s stock after acquiring an additional 612 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Fidelity High Dividend ETF were worth $1,005,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF during the 3rd quarter valued at approximately $25,000. Glass Jacobson Investment Advisors llc acquired a new position in Fidelity High Dividend ETF in the third quarter valued at $75,000. Baker Avenue Asset Management LP acquired a new position in Fidelity High Dividend ETF in the third quarter valued at $205,000. Daymark Wealth Partners LLC acquired a new stake in Fidelity High Dividend ETF during the 4th quarter worth about $206,000. Finally, Ellis Investment Partners LLC bought a new position in shares of Fidelity High Dividend ETF in the 3rd quarter worth about $209,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $50.95 on Thursday. Fidelity High Dividend ETF has a 1 year low of $42.53 and a 1 year high of $52.78. The business’s 50-day moving average is $50.84 and its 200-day moving average is $50.30. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82.

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.