BG Investment Services Inc. Acquires New Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

BG Investment Services Inc. bought a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,062 shares of the company’s stock, valued at approximately $1,451,000. Fidelity High Dividend ETF makes up approximately 1.5% of BG Investment Services Inc.’s investment portfolio, making the stock its 13th biggest position. BG Investment Services Inc. owned approximately 0.05% of Fidelity High Dividend ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FDVV. PKS Advisory Services LLC purchased a new position in Fidelity High Dividend ETF in the fourth quarter worth $220,000. LPL Financial LLC grew its stake in Fidelity High Dividend ETF by 96.5% during the 4th quarter. LPL Financial LLC now owns 1,838,464 shares of the company’s stock worth $91,813,000 after buying an additional 902,912 shares during the last quarter. ZEGA Investments LLC acquired a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $227,000. BluePointe Capital Management LLC raised its stake in Fidelity High Dividend ETF by 9.6% in the fourth quarter. BluePointe Capital Management LLC now owns 138,759 shares of the company’s stock valued at $6,930,000 after buying an additional 12,187 shares during the last quarter. Finally, SageOak Financial LLC acquired a new stake in Fidelity High Dividend ETF in the fourth quarter worth about $992,000.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $50.03 on Wednesday. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.44 and a beta of 1.02. The stock’s 50-day simple moving average is $50.79 and its 200-day simple moving average is $50.85. Fidelity High Dividend ETF has a fifty-two week low of $43.34 and a fifty-two week high of $52.78.

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.