Sovran Advisors LLC Has $619,000 Stock Position in Fidelity High Dividend ETF $FDVV

Sovran Advisors LLC cut its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 70.7% in the third quarter, HoldingsChannel reports. The fund owned 11,049 shares of the company’s stock after selling 26,641 shares during the period. Sovran Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $619,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Liberty Wealth Management LLC lifted its stake in Fidelity High Dividend ETF by 70.8% in the third quarter. Liberty Wealth Management LLC now owns 9,222 shares of the company’s stock valued at $514,000 after buying an additional 3,823 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Fidelity High Dividend ETF by 7.2% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 27,400 shares of the company’s stock valued at $1,526,000 after buying an additional 1,832 shares in the last quarter. Sagespring Wealth Partners LLC raised its stake in Fidelity High Dividend ETF by 4.6% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 612,456 shares of the company’s stock worth $34,120,000 after buying an additional 26,831 shares during the period. PFG Investments LLC raised its stake in Fidelity High Dividend ETF by 5.2% during the 3rd quarter. PFG Investments LLC now owns 30,935 shares of the company’s stock worth $1,723,000 after buying an additional 1,537 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Fidelity High Dividend ETF by 9.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 16,180 shares of the company’s stock worth $901,000 after acquiring an additional 1,398 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

NYSEARCA:FDVV opened at $58.15 on Wednesday. The business’s 50-day simple moving average is $56.86 and its 200-day simple moving average is $55.70. Fidelity High Dividend ETF has a fifty-two week low of $42.81 and a fifty-two week high of $58.16. The stock has a market capitalization of $8.39 billion, a PE ratio of 17.18 and a beta of 0.92.

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.