Sovran Advisors LLC Acquires 23,725 Shares of Fidelity High Dividend ETF $FDVV

Sovran Advisors LLC lifted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 214.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,774 shares of the company’s stock after purchasing an additional 23,725 shares during the period. Sovran Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $1,999,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FDVV. Royal Bank of Canada lifted its holdings in Fidelity High Dividend ETF by 6.0% during the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after buying an additional 6,174 shares during the period. Choreo LLC purchased a new position in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $269,000. Baird Financial Group Inc. purchased a new position in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $4,101,000. Brown Advisory Inc. bought a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth $320,000. Finally, StoneX Group Inc. bought a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth $600,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $55.60 on Friday. Fidelity High Dividend ETF has a 1-year low of $42.81 and a 1-year high of $60.12. The business has a fifty day moving average price of $57.55 and a 200 day moving average price of $56.74. The stock has a market capitalization of $8.59 billion, a P/E ratio of 17.18 and a beta of 0.92.

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.