Janney Montgomery Scott LLC Decreases Stock Position in Fidelity High Dividend ETF $FDVV

Janney Montgomery Scott LLC trimmed its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 45.8% in the first quarter, Holdings Channel.com reports. The firm owned 153,379 shares of the company’s stock after selling 129,839 shares during the period. Janney Montgomery Scott LLC’s holdings in Fidelity High Dividend ETF were worth $8,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec acquired a new position in Fidelity High Dividend ETF in the 4th quarter worth $25,000. Monetary Solutions Ltd purchased a new position in Fidelity High Dividend ETF in the 4th quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF during the second quarter valued at about $27,000. Optima Capital LLC acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter valued at about $33,000. Finally, Dunhill Financial LLC purchased a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth about $41,000.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $61.28 on Friday. Fidelity High Dividend ETF has a 1 year low of $52.48 and a 1 year high of $62.06. The stock’s 50-day simple moving average is $60.25 and its 200-day simple moving average is $58.39. The firm has a market cap of $9.90 billion, a price-to-earnings 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.