Dentgroup LLC Cuts Position in Fidelity High Dividend ETF $FDVV

Dentgroup LLC decreased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 150,578 shares of the company’s stock after selling 648 shares during the quarter. Fidelity High Dividend ETF comprises about 5.4% of Dentgroup LLC’s portfolio, making the stock its 3rd largest holding. Dentgroup LLC’s holdings in Fidelity High Dividend ETF were worth $7,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of 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 in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Fidelity High Dividend ETF by 17.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 49,805 shares of the company’s stock worth $2,470,000 after purchasing an additional 7,400 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of Fidelity High Dividend ETF during the 1st quarter worth approximately $45,000. NBC Securities Inc. raised its stake in shares of Fidelity High Dividend ETF by 66,500.0% during the 1st quarter. NBC Securities Inc. now owns 4,662 shares of the company’s stock worth $231,000 after purchasing an additional 4,655 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Fidelity High Dividend ETF by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,398 shares of the company’s stock worth $1,706,000 after purchasing an additional 931 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 0.2%

Shares of Fidelity High Dividend ETF stock opened at $55.50 on Friday. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $55.63. The stock has a market cap of $6.37 billion, a P/E ratio of 17.18 and a beta of 1.01. The business’s 50 day moving average is $54.21 and its 200-day moving average is $51.11.

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.