Osaic Holdings Inc. Has $58.69 Million Position in Fidelity High Dividend ETF $FDVV

Osaic Holdings Inc. lessened its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 2.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,127,657 shares of the company’s stock after selling 32,619 shares during the quarter. Osaic Holdings Inc.’s holdings in Fidelity High Dividend ETF were worth $58,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDVV. HighTower Advisors LLC grew its holdings in shares of Fidelity High Dividend ETF by 80.2% during the 1st quarter. HighTower Advisors LLC now owns 40,894 shares of the company’s stock valued at $2,028,000 after acquiring an additional 18,196 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Fidelity High Dividend ETF by 3.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 6,102 shares of the company’s stock valued at $303,000 after purchasing an additional 230 shares during the last quarter. Raymond James Financial Inc. grew its stake in Fidelity High Dividend ETF by 62.6% in the first quarter. Raymond James Financial Inc. now owns 904,306 shares of the company’s stock valued at $44,854,000 after purchasing an additional 347,988 shares in the last quarter. Level Four Advisory Services LLC grew its stake in Fidelity High Dividend ETF by 2.4% in the first quarter. Level Four Advisory Services LLC now owns 40,105 shares of the company’s stock valued at $1,989,000 after purchasing an additional 957 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Fidelity High Dividend ETF in the 1st quarter worth about $5,967,000.

Fidelity High Dividend ETF Price Performance

Shares of Fidelity High Dividend ETF stock opened at $56.99 on Tuesday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $57.44. The stock has a 50-day simple moving average of $56.11 and a 200-day simple moving average of $54.53.

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.