Fidelity High Dividend ETF $FDVV Shares Sold by Victory Financial Group LLC

Victory Financial Group LLC cut its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 618,442 shares of the company’s stock after selling 21,978 shares during the quarter. Fidelity High Dividend ETF makes up 3.5% of Victory Financial Group LLC’s portfolio, making the stock its 5th biggest holding. Victory Financial Group LLC owned 0.37% of Fidelity High Dividend ETF worth $37,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Focus Financial Network Inc. raised its holdings in shares of 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 boosted its holdings in Fidelity High Dividend ETF by 3.0% in the third quarter. JGP Wealth Management LLC now owns 8,295 shares of the company’s stock worth $504,000 after purchasing an additional 244 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Fidelity High Dividend ETF by 2.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,956 shares of the company’s stock worth $661,000 after purchasing an additional 292 shares in the last quarter. Bogart Wealth LLC boosted its holdings in Fidelity High Dividend ETF by 17.4% in the first quarter. Bogart Wealth LLC now owns 2,080 shares of the company’s stock worth $115,000 after purchasing an additional 308 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its holdings in Fidelity High Dividend ETF by 3.6% in the third quarter. Brown Lisle Cummings Inc. now owns 10,155 shares of the company’s stock worth $617,000 after purchasing an additional 350 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $62.53 on Wednesday. Fidelity High Dividend ETF has a fifty-two week low of $53.77 and a fifty-two week high of $64.54. The business has a 50-day moving average of $62.26 and a two-hundred day moving average of $60.16. The stock has a market capitalization of $10.52 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.