BluePointe Capital Management LLC Purchases 12,187 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

BluePointe Capital Management LLC grew its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 138,759 shares of the company’s stock after buying an additional 12,187 shares during the period. Fidelity High Dividend ETF accounts for approximately 4.0% of BluePointe Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. BluePointe Capital Management LLC’s holdings in Fidelity High Dividend ETF were worth $6,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SageOak Financial LLC acquired a new position in shares of Fidelity High Dividend ETF in the 4th quarter valued at $992,000. Thrivent Financial for Lutherans lifted its stake in Fidelity High Dividend ETF by 613.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 34,486 shares of the company’s stock valued at $1,722,000 after buying an additional 29,654 shares during the period. Flagship Wealth Advisors LLC acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth about $1,963,000. Valued Retirements Inc. grew its position in shares of Fidelity High Dividend ETF by 27.0% during the 4th quarter. Valued Retirements Inc. now owns 70,590 shares of the company’s stock worth $3,525,000 after buying an additional 15,011 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Fidelity High Dividend ETF by 4.1% in the 4th quarter. Harbour Investments Inc. now owns 39,485 shares of the company’s stock valued at $1,972,000 after acquiring an additional 1,544 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Fidelity High Dividend ETF stock opened at $50.37 on Thursday. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 17.44 and a beta of 1.02. The company’s 50 day simple moving average is $50.77 and its 200 day simple moving average is $50.82. Fidelity High Dividend ETF has a fifty-two week low of $43.34 and a fifty-two week high of $52.78.

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.