Sequoia Financial Advisors LLC Has $705,000 Stake in Fidelity High Dividend ETF $FDVV

Sequoia Financial Advisors LLC decreased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 14.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,544 shares of the company’s stock after selling 2,202 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FDVV. Dynasty Wealth Management LLC bought a new stake in Fidelity High Dividend ETF in the first quarter valued at $29,317,000. LPL Financial LLC increased its stake in Fidelity High Dividend ETF by 19.7% in the first quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock valued at $109,164,000 after purchasing an additional 362,424 shares in the last quarter. Raymond James Financial Inc. increased its stake in Fidelity High Dividend ETF by 62.6% in the first quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock valued at $44,854,000 after purchasing an additional 347,988 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Fidelity High Dividend ETF by 10.4% in the first quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock valued at $170,548,000 after purchasing an additional 324,452 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Fidelity High Dividend ETF by 20.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,361,393 shares of the company’s stock valued at $67,525,000 after purchasing an additional 232,467 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 0.5%

FDVV opened at $55.51 on Friday. Fidelity High Dividend ETF has a 1-year low of $42.81 and a 1-year high of $56.20. The company has a market cap of $7.18 billion, a P/E ratio of 17.18 and a beta of 1.01. The company has a fifty day moving average price of $55.23 and a two-hundred day moving average price of $52.08.

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.