Diversify Wealth Management LLC Cuts Holdings in Fidelity High Dividend ETF $FDVV

Diversify Wealth Management LLC cut its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 39.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,403 shares of the company’s stock after selling 14,014 shares during the quarter. Diversify Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FDVV. Base Wealth Management LLC increased its holdings in shares of Fidelity High Dividend ETF by 27.5% in the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock valued at $8,167,000 after purchasing an additional 31,041 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in shares of Fidelity High Dividend ETF by 4.8% in the fourth quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after purchasing an additional 36,855 shares during the period. North Star Asset Management Inc. purchased a new stake in Fidelity High Dividend ETF during the fourth quarter worth about $482,000. Sovran Advisors LLC boosted its holdings in Fidelity High Dividend ETF by 214.7% during the fourth quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock worth $1,999,000 after buying an additional 23,725 shares in the last quarter. Finally, Savvy Advisors Inc. increased its holdings in Fidelity High Dividend ETF by 55.6% in the fourth quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock valued at $2,862,000 after buying an additional 18,037 shares in the last quarter.

Fidelity High Dividend ETF Trading Up 0.4%

FDVV stock opened at $62.29 on Thursday. The firm has a 50 day moving average of $60.74 and a 200-day moving average of $58.70. Fidelity High Dividend ETF has a 12-month low of $52.48 and a 12-month high of $62.47. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

Fidelity High Dividend ETF Company 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.