NewEdge Advisors LLC Cuts Holdings in Fidelity High Dividend ETF $FDVV

NewEdge Advisors LLC trimmed its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 16.5% in the second quarter, HoldingsChannel reports. The firm owned 89,973 shares of the company’s stock after selling 17,729 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $5,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of Fidelity High Dividend ETF by 36.8% during the 4th 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 period. Baer Investment Advisory LLC bought a new stake in shares of Fidelity High Dividend ETF in the 1st quarter worth approximately $30,326,000. Royal Bank of Canada raised its holdings in shares of Fidelity High Dividend ETF by 246.4% in the 1st quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock worth $32,881,000 after purchasing an additional 423,383 shares during the period. Core Wealth Advisors LLC purchased a new position in Fidelity High Dividend ETF in the fourth quarter valued at approximately $16,927,000. Finally, Cetera Investment Advisers lifted its stake in Fidelity High Dividend ETF by 15.7% in the first quarter. Cetera Investment Advisers now owns 2,017,386 shares of the company’s stock valued at $111,440,000 after purchasing an additional 273,148 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 0.5%

Shares of NYSEARCA FDVV opened at $62.86 on Tuesday. The stock has a fifty day simple moving average of $62.95 and a two-hundred day simple moving average of $60.24. Fidelity High Dividend ETF has a 1-year low of $53.77 and a 1-year high of $64.54. The firm has a market cap of $10.20 billion, a price-to-earnings 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.