SageOak Financial LLC Takes Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

SageOak Financial LLC bought a new stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, Holdings Channel reports. The fund bought 19,860 shares of the company’s stock, valued at approximately $992,000. Fidelity High Dividend ETF makes up approximately 0.9% of SageOak Financial LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Melfa Wealth Management Inc. lifted its position in shares of 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 valued at $872,000 after buying an additional 258 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Fidelity High Dividend ETF by 2.9% in the 4th 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 raised its stake in Fidelity High Dividend ETF by 1.0% in the 4th 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 during the last quarter. Koshinski Asset Management Inc. raised its stake 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 valued at $2,047,000 after purchasing an additional 273 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its stake in Fidelity High Dividend ETF by 3.3% in the 4th quarter. Tandem Capital Management Corp ADV now owns 9,470 shares of the company’s stock valued at $473,000 after purchasing an additional 300 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $50.08 on Wednesday. The business has a fifty day moving average price of $50.76 and a 200 day moving average price of $50.82. Fidelity High Dividend ETF has a one year low of $43.34 and a one year high of $52.78. The company has a market cap of $4.76 billion, a P/E ratio of 19.05 and a beta of 1.02.

Fidelity High Dividend ETF Company 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.