Oppenheimer & Co. Inc. Raises Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Oppenheimer & Co. Inc. grew its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,278 shares of the company’s stock after purchasing an additional 7,038 shares during the period. Oppenheimer & Co. Inc.’s holdings in Fidelity High Dividend ETF were worth $3,610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDVV. JPMorgan Chase & Co. grew its position in Fidelity High Dividend ETF by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 246,157 shares of the company’s stock worth $12,468,000 after acquiring an additional 52,434 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in shares of Fidelity High Dividend ETF by 5.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after purchasing an additional 260 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Fidelity High Dividend ETF by 14.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 6,400 shares of the company’s stock worth $320,000 after purchasing an additional 803 shares during the last quarter. HighTower Advisors LLC raised its holdings in Fidelity High Dividend ETF by 29.9% in the 3rd quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock valued at $837,000 after buying an additional 3,801 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position 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 valued at $1,622,000 after buying an additional 9,736 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $51.42 on Friday. Fidelity High Dividend ETF has a 1-year low of $43.34 and a 1-year high of $52.78. The firm has a market cap of $2.97 billion, a PE ratio of 11.51 and a beta of 0.82. The company has a 50-day moving average of $50.83 and a two-hundred day moving average of $50.76.

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.