Sage Investment Counsel LLC Invests $255,000 in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Sage Investment Counsel LLC purchased a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,112 shares of the company’s stock, valued at approximately $255,000.

A number of other hedge funds have also made changes to their positions in FDVV. Systelligence LLC purchased a new stake in shares of Fidelity High Dividend ETF in the third quarter worth approximately $14,355,000. Madrona Financial Services LLC purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter worth approximately $5,844,000. Kovack Advisors Inc. lifted its position in shares of Fidelity High Dividend ETF by 138.5% in the third quarter. Kovack Advisors Inc. now owns 200,738 shares of the company’s stock worth $10,167,000 after purchasing an additional 116,557 shares in the last quarter. Raymond James & Associates lifted its position in shares of Fidelity High Dividend ETF by 223.6% in the third quarter. Raymond James & Associates now owns 116,653 shares of the company’s stock worth $5,908,000 after purchasing an additional 80,604 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter worth approximately $3,940,000.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV opened at $51.42 on Friday. The company has a 50 day simple moving average of $50.83 and a 200-day simple moving average of $50.75. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 52-week low of $43.34 and a 52-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.