Fidelity High Dividend ETF $FDVV Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. decreased its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 63.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,754 shares of the company’s stock after selling 129,834 shares during the period. Kovack Advisors Inc. owned 0.07% of Fidelity High Dividend ETF worth $3,837,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in Fidelity High Dividend ETF by 80.2% during the 1st quarter. HighTower Advisors LLC now owns 40,894 shares of the company’s stock worth $2,028,000 after purchasing an additional 18,196 shares during the period. Private Trust Co. NA acquired a new stake in Fidelity High Dividend ETF during the 1st quarter worth $45,000. Barry Investment Advisors LLC boosted its stake in Fidelity High Dividend ETF by 1.4% during the 2nd quarter. Barry Investment Advisors LLC now owns 41,908 shares of the company’s stock worth $2,180,000 after purchasing an additional 569 shares during the period. KWB Wealth acquired a new stake in Fidelity High Dividend ETF during the 2nd quarter worth $3,470,000. Finally, MB Levis & Associates LLC acquired a new stake in Fidelity High Dividend ETF during the 2nd quarter worth $28,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $56.04 on Friday. The stock has a market cap of $7.34 billion, a P/E ratio of 17.18 and a beta of 0.92. The firm has a fifty day moving average price of $55.52 and a 200 day moving average price of $52.74. Fidelity High Dividend ETF has a 1-year low of $42.81 and a 1-year high of $56.81.

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.