Sculati Wealth Management LLC Sells 66,247 Shares of Fidelity High Dividend ETF $FDVV

Sculati Wealth Management LLC trimmed its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 35.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,973 shares of the company’s stock after selling 66,247 shares during the period. Fidelity High Dividend ETF makes up 2.3% of Sculati Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding. Sculati Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $7,423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Harbor Asset Planning Inc. increased its holdings in Fidelity High Dividend ETF by 0.8% during the 1st quarter. Harbor Asset Planning Inc. now owns 22,824 shares of the company’s stock worth $1,261,000 after purchasing an additional 182 shares during the period. Focus Financial Network Inc. raised its position in Fidelity High Dividend ETF by 2.0% during the 2nd quarter. Focus Financial Network Inc. now owns 12,174 shares of the company’s stock valued at $734,000 after purchasing an additional 238 shares in the last quarter. JGP Wealth Management LLC raised its position in Fidelity High Dividend ETF by 3.0% during the 3rd quarter. JGP Wealth Management LLC now owns 8,295 shares of the company’s stock valued at $504,000 after purchasing an additional 244 shares in the last quarter. Sweeney & Michel LLC grew its position in shares of Fidelity High Dividend ETF by 1.4% during the 1st quarter. Sweeney & Michel LLC now owns 17,981 shares of the company’s stock worth $1,034,000 after buying an additional 245 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Fidelity High Dividend ETF by 2.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,956 shares of the company’s stock worth $661,000 after buying an additional 292 shares in the last quarter.

Fidelity High Dividend ETF Trading Down 0.3%

Shares of Fidelity High Dividend ETF stock traded down $0.21 during trading on Monday, hitting $61.47. 275,469 shares of the stock traded hands, compared to its average volume of 855,285. The firm has a market cap of $10.31 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 52-week low of $53.77 and a 52-week high of $64.54. The stock’s fifty day simple moving average is $62.51 and its 200 day simple moving average is $61.08.

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.