Smithfield Trust Co Boosts Holdings in Fidelity High Dividend ETF $FDVV

Smithfield Trust Co increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 17.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,425 shares of the company’s stock after acquiring an additional 1,125 shares during the quarter. Smithfield Trust Co’s holdings in Fidelity High Dividend ETF were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDVV. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity High Dividend ETF by 10.4% during the first quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock worth $170,548,000 after purchasing an additional 324,452 shares during the last quarter. LPL Financial LLC boosted its position in shares of Fidelity High Dividend ETF by 19.7% in the 1st quarter. LPL Financial LLC now owns 2,200,888 shares of the company’s stock valued at $109,164,000 after purchasing an additional 362,424 shares during the period. Retirement Planning Group LLC grew its stake in Fidelity High Dividend ETF by 9.3% during the 2nd quarter. Retirement Planning Group LLC now owns 1,997,711 shares of the company’s stock worth $103,921,000 after buying an additional 170,094 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Fidelity High Dividend ETF by 21.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,648,459 shares of the company’s stock worth $85,753,000 after buying an additional 287,066 shares during the period. Finally, Raymond James Financial Inc. increased its position in Fidelity High Dividend ETF by 62.6% during the first quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock worth $44,854,000 after buying an additional 347,988 shares during the period.

Fidelity High Dividend ETF Trading Down 1.1%

FDVV stock opened at $56.01 on Friday. The company has a market capitalization of $7.36 billion, a P/E ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $56.81. The business has a 50 day simple moving average of $55.68 and a 200-day simple moving average of $53.38.

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.