Marmo Financial Group LLC Has $5.20 Million Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Marmo Financial Group LLC grew its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 19.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,688 shares of the company’s stock after buying an additional 16,712 shares during the period. Fidelity High Dividend ETF accounts for 2.8% of Marmo Financial Group LLC’s portfolio, making the stock its 9th biggest holding. Marmo Financial Group LLC owned 0.18% of Fidelity High Dividend ETF worth $5,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Fidelity High Dividend ETF during the 1st quarter worth approximately $35,000. Hantz Financial Services Inc. purchased a new stake in shares of Fidelity High Dividend ETF during the 2nd quarter worth approximately $51,000. Valley National Advisers Inc. raised its holdings in shares of Fidelity High Dividend ETF by 19.1% during 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 in the last quarter. ICA Group Wealth Management LLC increased its position in shares of Fidelity High Dividend ETF by 105.5% during the 2nd quarter. ICA Group Wealth Management LLC now owns 3,029 shares of the company’s stock valued at $142,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Fidelity High Dividend ETF by 6,777.4% during the 2nd quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock valued at $199,000 after purchasing an additional 4,202 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $50.96 on Monday. The company has a market cap of $2.94 billion, a P/E ratio of 11.51 and a beta of 0.82. The business’s 50 day moving average price is $50.21 and its 200-day moving average price is $47.87. Fidelity High Dividend ETF has a fifty-two week low of $36.94 and a fifty-two week high of $51.81.

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.