Fortitude Financial LLC Reduces Stock Holdings in Fidelity High Dividend ETF $FDVV

Fortitude Financial LLC lowered its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 88.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,972 shares of the company’s stock after selling 38,277 shares during the quarter. Fidelity High Dividend ETF makes up 0.3% of Fortitude Financial LLC’s holdings, making the stock its 24th biggest position. Fortitude Financial LLC’s holdings in Fidelity High Dividend ETF were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDVV. Childress Capital Advisors LLC raised its position in Fidelity High Dividend ETF by 4.8% in the 4th quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock worth $45,619,000 after purchasing an additional 36,855 shares during the period. North Star Asset Management Inc. purchased a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $482,000. Blue Water Asset Management purchased a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $805,000. Rooted Wealth Advisors Inc. bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at approximately $12,209,000. Finally, Bartlett & CO. Wealth Management LLC grew its stake in shares of Fidelity High Dividend ETF by 46,345.5% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 10,218 shares of the company’s stock valued at $579,000 after buying an additional 10,196 shares during the last quarter.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $64.20 on Monday. Fidelity High Dividend ETF has a fifty-two week low of $53.77 and a fifty-two week high of $64.40. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The business’s 50 day moving average price is $61.69 and its 200-day moving average price is $59.38.

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.