NewEdge Advisors LLC Sells 20,170 Shares of Fidelity High Dividend ETF $FDVV

NewEdge Advisors LLC trimmed its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 20.3% in the first quarter, HoldingsChannel.com reports. The firm owned 79,140 shares of the company’s stock after selling 20,170 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $4,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Base Wealth Management LLC raised its stake 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 acquiring an additional 31,041 shares during the period. Childress Capital Advisors LLC boosted its position in shares of Fidelity High Dividend ETF by 4.8% during the 4th quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock worth $45,619,000 after purchasing an additional 36,855 shares during the period. Sovran Advisors LLC increased its holdings in Fidelity High Dividend ETF by 214.7% in the 4th quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock valued at $1,999,000 after purchasing an additional 23,725 shares during the last quarter. North Star Asset Management Inc. acquired a new stake in Fidelity High Dividend ETF in the 4th quarter valued at approximately $482,000. Finally, Savvy Advisors Inc. increased its holdings in Fidelity High Dividend ETF by 55.6% in the 4th quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock valued at $2,862,000 after purchasing an additional 18,037 shares during the last quarter.

Fidelity High Dividend ETF Stock Up 0.3%

NYSEARCA:FDVV opened at $62.78 on Friday. The stock’s fifty day moving average is $61.37 and its two-hundred day moving average is $59.12. Fidelity High Dividend ETF has a 52 week low of $52.86 and a 52 week high of $63.43. The stock has a market capitalization of $10.16 billion, a price-to-earnings 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.