Allworth Financial LP Sells 48,586 Shares of Fidelity High Dividend ETF $FDVV

Allworth Financial LP trimmed its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 586,977 shares of the company’s stock after selling 48,586 shares during the period. Allworth Financial LP owned 0.36% of Fidelity High Dividend ETF worth $35,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDVV. LPL Financial LLC lifted its position in Fidelity High Dividend ETF by 36.8% during the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after acquiring an additional 1,655,768 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Fidelity High Dividend ETF by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock worth $172,035,000 after purchasing an additional 75,387 shares in the last quarter. Retirement Planning Group LLC lifted its holdings in shares of Fidelity High Dividend ETF by 9.4% during the 1st quarter. Retirement Planning Group LLC now owns 2,532,542 shares of the company’s stock valued at $139,898,000 after purchasing an additional 217,772 shares during the last quarter. Morgan Stanley boosted its position in shares of Fidelity High Dividend ETF by 7.6% in the 4th quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock worth $142,860,000 after purchasing an additional 177,157 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Fidelity High Dividend ETF by 4.6% in the 1st quarter. Bank of America Corp DE now owns 2,367,217 shares of the company’s stock worth $130,765,000 after purchasing an additional 104,028 shares in the last quarter.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV traded down $0.42 during mid-day trading on Tuesday, hitting $63.02. 724,958 shares of the company’s stock traded hands, compared to its average volume of 890,842. The company has a fifty day moving average of $62.77 and a 200 day moving average of $60.11. Fidelity High Dividend ETF has a twelve month low of $53.77 and a twelve month high of $64.54. The company has a market capitalization of $10.23 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.