Savvy Advisors Inc. Sells 921 Shares of Fidelity High Dividend ETF $FDVV

Savvy Advisors Inc. trimmed its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.0% during the second quarter, Holdings Channel.com reports. The fund owned 17,497 shares of the company’s stock after selling 921 shares during the quarter. Savvy Advisors Inc.’s holdings in Fidelity High Dividend ETF were worth $910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Fidelity High Dividend ETF by 80.5% during the second quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 211 shares during the last quarter. IMA Advisory Services Inc. purchased a new stake in Fidelity High Dividend ETF in the 1st quarter valued at about $28,000. MB Levis & Associates LLC bought a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth approximately $28,000. Evermay Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth approximately $31,000. Finally, Iron Horse Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF in the 1st quarter worth approximately $34,000.

Fidelity High Dividend ETF Trading Down 0.6%

Shares of FDVV opened at $56.04 on Friday. The stock has a 50 day moving average of $55.52 and a 200 day moving average of $52.74. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $56.81.

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.