Lido Advisors LLC Sells 66,261 Shares of Fidelity High Dividend ETF $FDVV

Lido Advisors LLC decreased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 27.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,546 shares of the company’s stock after selling 66,261 shares during the quarter. Lido Advisors LLC owned about 0.11% of Fidelity High Dividend ETF worth $9,804,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Base Wealth Management LLC increased its position in Fidelity High Dividend ETF by 27.5% during the fourth quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock worth $8,167,000 after purchasing an additional 31,041 shares during the last quarter. Sovran Advisors LLC raised its stake in Fidelity High Dividend ETF by 214.7% during the fourth quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock worth $1,999,000 after purchasing an additional 23,725 shares during the period. Childress Capital Advisors LLC boosted its holdings in Fidelity High Dividend ETF by 4.8% in the 4th quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after purchasing an additional 36,855 shares during the last quarter. North Star Asset Management Inc. acquired a new position in Fidelity High Dividend ETF in the 4th quarter valued at about $482,000. Finally, Savvy Advisors Inc. grew its stake in shares of Fidelity High Dividend ETF by 55.6% in the 4th quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock valued at $2,862,000 after buying an additional 18,037 shares during the period.

Fidelity High Dividend ETF Price Performance

Fidelity High Dividend ETF stock opened at $61.81 on Friday. The firm has a 50 day simple moving average of $61.07 and a 200-day simple moving average of $58.92. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1-year low of $52.86 and a 1-year high of $62.71.

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.