Element Wealth LLC Has $593,000 Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Element Wealth LLC cut its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,708 shares of the company’s stock after selling 722 shares during the quarter. Element Wealth LLC’s holdings in Fidelity High Dividend ETF were worth $593,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FDVV. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity High Dividend ETF in the 1st quarter valued at about $35,000. Hantz Financial Services Inc. bought a new stake in shares of Fidelity High Dividend ETF during the second quarter valued at approximately $51,000. ICA Group Wealth Management LLC raised its position in shares of Fidelity High Dividend ETF by 105.5% during the second quarter. ICA Group Wealth Management LLC now owns 3,029 shares of the company’s stock worth $142,000 after purchasing an additional 1,555 shares during the period. Valley National Advisers Inc. grew its position in Fidelity High Dividend ETF by 19.1% in the 1st quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock valued at $137,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its stake in Fidelity High Dividend ETF by 6,777.4% during the 2nd quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock valued at $199,000 after purchasing an additional 4,202 shares in the last quarter.

Fidelity High Dividend ETF Trading Down 0.1 %

FDVV opened at $51.25 on Friday. Fidelity High Dividend ETF has a 1-year low of $36.94 and a 1-year high of $51.81. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The company’s fifty day moving average price is $50.18 and its two-hundred day moving average price is $47.81.

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.