Madrona Financial Services LLC Buys New Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Madrona Financial Services LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 117,018 shares of the company’s stock, valued at approximately $5,844,000. Fidelity High Dividend ETF comprises about 1.6% of Madrona Financial Services LLC’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also modified their holdings of the company. Core Wealth Advisors Inc. lifted its position in shares of Fidelity High Dividend ETF by 12.6% during the 2nd quarter. Core Wealth Advisors Inc. now owns 12,676 shares of the company’s stock worth $593,000 after purchasing an additional 1,415 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity High Dividend ETF by 20.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 247,198 shares of the company’s stock valued at $11,564,000 after acquiring an additional 41,719 shares during the last quarter. NewEdge Advisors LLC lifted its position in Fidelity High Dividend ETF by 70.6% in the second quarter. NewEdge Advisors LLC now owns 49,184 shares of the company’s stock valued at $2,301,000 after acquiring an additional 20,357 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Fidelity High Dividend ETF by 64.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 27,638 shares of the company’s stock valued at $1,293,000 after acquiring an additional 10,871 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in Fidelity High Dividend ETF by 1.2% in the second quarter. Pathway Financial Advisers LLC now owns 45,687 shares of the company’s stock valued at $2,133,000 after acquiring an additional 555 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $51.24 on Thursday. Fidelity High Dividend ETF has a 1-year low of $42.53 and a 1-year high of $52.78. The stock has a market cap of $2.96 billion, a PE ratio of 11.51 and a beta of 0.82. The firm has a fifty day moving average price of $51.05 and a 200 day moving average price of $50.12.

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.