PKS Advisory Services LLC Invests $220,000 in Fidelity High Dividend ETF (NYSEARCA:FDVV)

PKS Advisory Services LLC bought a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,408 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDVV. Melfa Wealth Management Inc. grew its stake in Fidelity High Dividend ETF by 1.5% in the fourth quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock valued at $872,000 after acquiring an additional 258 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position 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 period. Ballew Advisors Inc grew its position 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 period. Koshinski Asset Management Inc. raised its holdings in Fidelity High Dividend ETF by 0.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock worth $2,047,000 after buying an additional 273 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its holdings in Fidelity High Dividend ETF by 3.3% during the fourth quarter. Tandem Capital Management Corp ADV now owns 9,470 shares of the company’s stock worth $473,000 after buying an additional 300 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $50.03 on Wednesday. The company has a 50-day moving average price of $50.79 and a 200-day moving average price of $50.85. The stock has a market capitalization of $4.72 billion, a P/E ratio of 17.44 and a beta of 1.02. Fidelity High Dividend ETF has a 1 year low of $43.34 and a 1 year high of $52.78.

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.