NewEdge Advisors LLC Sells 12,387 Shares of Fidelity High Dividend ETF $FDVV

NewEdge Advisors LLC cut its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 14.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,332 shares of the company’s stock after selling 12,387 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $3,736,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of FDVV. Retirement Planning Group LLC increased its stake in shares of Fidelity High Dividend ETF by 595.3% in the first quarter. Retirement Planning Group LLC now owns 1,827,617 shares of the company’s stock valued at $90,650,000 after buying an additional 1,564,773 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in Fidelity High Dividend ETF during the 1st quarter worth about $29,317,000. Sagespring Wealth Partners LLC acquired a new stake in Fidelity High Dividend ETF in the 1st quarter valued at about $26,651,000. LPL Financial LLC increased its position in 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 acquiring an additional 362,424 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Fidelity High Dividend ETF by 62.6% in the first quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock worth $44,854,000 after acquiring an additional 347,988 shares during the last quarter.

Fidelity High Dividend ETF Trading Up 0.1%

Shares of FDVV stock opened at $54.82 on Wednesday. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 17.18 and a beta of 1.01. The firm’s 50 day moving average is $54.07 and its 200-day moving average is $51.03. Fidelity High Dividend ETF has a 1 year low of $42.81 and a 1 year high of $55.39.

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.