24,584 Fidelity High Dividend ETF $FDVV Shares Sold by Cornerstone Wealth LLC TN

Cornerstone Wealth LLC TN reduced its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 16.5% in the third quarter, HoldingsChannel.com reports. The firm owned 124,075 shares of the company’s stock after selling 24,584 shares during the period. Fidelity High Dividend ETF comprises 3.7% of Cornerstone Wealth LLC TN’s investment portfolio, making the stock its 10th largest position. Cornerstone Wealth LLC TN’s holdings in Fidelity High Dividend ETF were worth $7,689,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Childress Capital Advisors LLC increased its holdings in Fidelity High Dividend ETF by 7.0% during the 3rd quarter. Childress Capital Advisors LLC now owns 707,299 shares of the company’s stock valued at $42,954,000 after purchasing an additional 46,262 shares during the period. D.A. Davidson & CO. bought a new position in Fidelity High Dividend ETF during the 3rd quarter valued at approximately $18,322,000. Graham Capital Wealth Management LLC raised its position in Fidelity High Dividend ETF by 17.2% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 4,295 shares of the company’s stock valued at $261,000 after purchasing an additional 631 shares during the last quarter. Latitude Advisors LLC purchased a new stake in Fidelity High Dividend ETF in the 3rd quarter worth approximately $314,000. Finally, Investment Advisory Services Inc. TX ADV purchased a new stake in Fidelity High Dividend ETF in the 3rd quarter worth approximately $8,977,000.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV stock opened at $62.91 on Friday. The firm has a market cap of $10.58 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a fifty-two week low of $53.77 and a fifty-two week high of $64.54. The business’s 50 day moving average price is $62.22 and its 200-day moving average price is $60.22.

Fidelity High Dividend ETF Company 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.