Mascoma Wealth Management LLC Has $2.51 Million Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Mascoma Wealth Management LLC cut its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 83.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,655 shares of the company’s stock after selling 259,969 shares during the period. Fidelity High Dividend ETF comprises about 0.6% of Mascoma Wealth Management LLC’s portfolio, making the stock its 24th largest position. Mascoma Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $2,512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDVV. Retirement Planning Group LLC raised its holdings in shares of Fidelity High Dividend ETF by 595.3% during the first quarter. Retirement Planning Group LLC now owns 1,827,617 shares of the company’s stock worth $90,650,000 after acquiring an additional 1,564,773 shares during the period. LPL Financial LLC raised its holdings in shares of Fidelity High Dividend ETF by 96.5% during the fourth quarter. LPL Financial LLC now owns 1,838,464 shares of the company’s stock worth $91,813,000 after acquiring an additional 902,912 shares during the period. Independent Advisor Alliance acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $44,154,000. Raymond James Financial Inc. acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth $27,783,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Fidelity High Dividend ETF during the first quarter worth $26,651,000.

Fidelity High Dividend ETF Stock Up 0.3%

Shares of NYSEARCA:FDVV opened at $51.84 on Friday. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $52.78. The company’s fifty day simple moving average is $49.87 and its 200 day simple moving average is $49.87. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 17.11 and a beta of 1.01.

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.