KFG Wealth Management LLC Has $786,000 Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

KFG Wealth Management LLC increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 26.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,744 shares of the company’s stock after buying an additional 3,323 shares during the quarter. KFG Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $786,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Precedent Wealth Partners LLC increased its holdings in Fidelity High Dividend ETF by 9.2% in the 4th quarter. Precedent Wealth Partners LLC now owns 10,663 shares of the company’s stock valued at $533,000 after buying an additional 901 shares during the period. Flagship Harbor Advisors LLC increased its stake in Fidelity High Dividend ETF by 93.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 15,151 shares of the company’s stock valued at $757,000 after acquiring an additional 7,339 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its position in Fidelity High Dividend ETF by 25.0% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 109,789 shares of the company’s stock valued at $5,483,000 after purchasing an additional 21,978 shares in the last quarter. Madrona Financial Services LLC bought a new stake in Fidelity High Dividend ETF during the fourth quarter worth $5,844,000. Finally, Mutual Advisors LLC lifted its stake in Fidelity High Dividend ETF by 195.6% during the fourth quarter. Mutual Advisors LLC now owns 33,175 shares of the company’s stock worth $1,675,000 after purchasing an additional 21,952 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV opened at $51.41 on Friday. Fidelity High Dividend ETF has a 52-week low of $42.53 and a 52-week high of $52.78. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The business’s fifty day moving average is $51.05 and its 200-day moving average is $50.15.

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.