Kingsview Wealth Management LLC Cuts Position in Fidelity High Dividend ETF $FDVV

Kingsview Wealth Management LLC lowered its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,195 shares of the company’s stock after selling 2,623 shares during the period. Kingsview Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $2,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Arkadios Wealth Advisors increased its position in Fidelity High Dividend ETF by 369.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after buying an additional 393,830 shares in the last quarter. Regimen Wealth LLC purchased a new stake in shares of Fidelity High Dividend ETF during the second quarter valued at $19,200,000. LPL Financial LLC increased its holdings 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 worth $109,164,000 after buying an additional 362,424 shares in the last quarter. Raymond James Financial Inc. raised its position in Fidelity High Dividend ETF by 62.6% in the 1st quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock worth $44,854,000 after buying an additional 347,988 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Fidelity High Dividend ETF by 10.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock valued at $170,548,000 after acquiring an additional 324,452 shares during the period.

Fidelity High Dividend ETF Stock Down 0.3%

Shares of Fidelity High Dividend ETF stock opened at $55.32 on Wednesday. Fidelity High Dividend ETF has a twelve month low of $42.81 and a twelve month high of $56.81. The company’s 50 day moving average is $55.73 and its 200 day moving average is $53.61. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92.

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.