Biondo Investment Advisors LLC Purchases 320 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Biondo Investment Advisors LLC grew its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,105 shares of the company’s stock after acquiring an additional 320 shares during the period. Biondo Investment Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $1,853,000 at the end of the most recent reporting period.

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

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $49.12 on Friday. The stock has a market capitalization of $4.64 billion, a P/E ratio of 17.44 and a beta of 1.02. Fidelity High Dividend ETF has a 52 week low of $43.34 and a 52 week high of $52.78. The stock has a fifty day moving average of $50.73 and a 200-day moving average of $50.84.

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.