Sovran Advisors LLC lowered its position in Fidelity High Dividend ETF (NYSEARCA:FDVV – Free Report) by 31.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,922 shares of the company’s stock after selling 10,852 shares during the quarter. Sovran Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $1,413,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Fidelity High Dividend ETF by 36.8% in the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after purchasing an additional 1,655,768 shares during the period. Commonwealth Equity Services LLC grew its holdings in Fidelity High Dividend ETF by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock worth $172,035,000 after purchasing an additional 75,387 shares during the period. Morgan Stanley increased its position in Fidelity High Dividend ETF by 7.6% during the fourth quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock worth $142,860,000 after buying an additional 177,157 shares during the last quarter. Retirement Planning Group LLC increased its position in Fidelity High Dividend ETF by 5.3% during the fourth quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock worth $131,224,000 after buying an additional 115,547 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after buying an additional 572,218 shares during the period.
Fidelity High Dividend ETF Price Performance
FDVV opened at $62.14 on Monday. Fidelity High Dividend ETF has a 12-month low of $52.48 and a 12-month high of $62.23. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The business has a 50 day moving average of $60.56 and a 200-day moving average of $58.59.
Fidelity High Dividend ETF 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.
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