Fidelity High Dividend ETF $FDVV Stake Lessened by Prentice Wealth Management LLC

Prentice Wealth Management LLC lessened its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,547 shares of the company’s stock after selling 23,699 shares during the quarter. Fidelity High Dividend ETF comprises about 2.9% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Prentice Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $13,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF in the second quarter valued at $27,000. Optima Capital LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at about $33,000. Finally, Dunhill Financial LLC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at about $41,000.

Fidelity High Dividend ETF Stock Up 0.1%

NYSEARCA:FDVV opened at $60.44 on Wednesday. The business’s 50-day moving average price is $59.91 and its 200 day moving average price is $58.21. Fidelity High Dividend ETF has a 52-week low of $51.16 and a 52-week high of $62.06. The firm has a market cap of $9.40 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.