Sowell Financial Services LLC Raises Stock Holdings in Fidelity High Dividend ETF $FDVV

Sowell Financial Services LLC raised its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 62.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 32,367 shares of the company’s stock after acquiring an additional 12,464 shares during the period. Sowell Financial Services LLC’s holdings in Fidelity High Dividend ETF were worth $1,803,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sapient Capital LLC boosted its holdings in Fidelity High Dividend ETF by 163.4% in the third quarter. Sapient Capital LLC now owns 53,011 shares of the company’s stock valued at $2,944,000 after acquiring an additional 32,885 shares during the last quarter. Lakeridge Wealth Management LLC lifted its stake in shares of Fidelity High Dividend ETF by 0.8% in the third quarter. Lakeridge Wealth Management LLC now owns 338,756 shares of the company’s stock worth $18,872,000 after acquiring an additional 2,849 shares in the last quarter. Mayflower Financial Advisors LLC purchased a new position in shares of Fidelity High Dividend ETF during the 3rd quarter valued at approximately $224,000. Sheets Smith Wealth Management grew its holdings in Fidelity High Dividend ETF by 4.4% during the 3rd quarter. Sheets Smith Wealth Management now owns 48,084 shares of the company’s stock worth $2,679,000 after acquiring an additional 2,014 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter valued at approximately $327,000.

Fidelity High Dividend ETF Stock Down 0.2%

Shares of NYSEARCA FDVV opened at $56.99 on Tuesday. Fidelity High Dividend ETF has a 52-week low of $42.81 and a 52-week high of $57.44. The firm’s 50-day moving average price is $56.36 and its two-hundred day moving average price is $54.94. The stock has a market capitalization of $7.49 billion, a P/E ratio of 17.18 and a beta of 0.92.

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.