Fidelity High Dividend ETF $FDVV Position Decreased by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC trimmed its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 30.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,118 shares of the company’s stock after selling 75,740 shares during the quarter. Fidelity High Dividend ETF accounts for approximately 3.6% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 7th largest holding. Flagship Wealth Advisors LLC owned about 0.11% of Fidelity High Dividend ETF worth $8,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in Fidelity High Dividend ETF by 36.8% during the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after buying an additional 1,655,768 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Fidelity High Dividend ETF by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock worth $172,035,000 after acquiring an additional 75,387 shares during the period. Retirement Planning Group LLC lifted its holdings in shares of Fidelity High Dividend ETF by 9.4% during the 1st quarter. Retirement Planning Group LLC now owns 2,532,542 shares of the company’s stock worth $139,898,000 after acquiring an additional 217,772 shares during the period. Morgan Stanley boosted its holdings in Fidelity High Dividend ETF by 7.6% in the fourth quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock valued at $142,860,000 after acquiring an additional 177,157 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Fidelity High Dividend ETF by 4.6% during the first quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock worth $130,765,000 after buying an additional 104,028 shares during the period.

Fidelity High Dividend ETF Stock Down 0.4%

NYSEARCA FDVV opened at $62.56 on Friday. Fidelity High Dividend ETF has a fifty-two week low of $52.86 and a fifty-two week high of $63.43. The stock has a market cap of $10.15 billion, a PE ratio of 17.18 and a beta of 0.86. The business has a 50 day moving average price of $61.41 and a two-hundred day moving average price of $59.14.

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.