Childress Capital Advisors LLC Sells 148,663 Shares of Fidelity High Dividend ETF $FDVV

Childress Capital Advisors LLC trimmed its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 656,040 shares of the company’s stock after selling 148,663 shares during the period. Fidelity High Dividend ETF accounts for 6.5% of Childress Capital Advisors LLC’s holdings, making the stock its largest position. Childress Capital Advisors LLC owned 0.42% of Fidelity High Dividend ETF worth $36,240,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada increased its stake in Fidelity High Dividend ETF by 6.0% during the 1st quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after acquiring an additional 6,174 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Fidelity High Dividend ETF during the 2nd quarter worth $320,000. Qube Research & Technologies Ltd grew its holdings in shares of Fidelity High Dividend ETF by 95.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock worth $976,000 after purchasing an additional 9,169 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Fidelity High Dividend ETF by 49.8% in the second quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after purchasing an additional 37,501 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the second quarter valued at about $27,000.

Fidelity High Dividend ETF Stock Up 0.5%

FDVV opened at $61.83 on Wednesday. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a twelve month low of $52.48 and a twelve month high of $62.06. The company has a 50-day simple moving average of $60.37 and a 200 day simple moving average of $58.48.

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.