Sunbelt Securities Inc. Has $2.53 Million Position in Fidelity High Dividend ETF $FDVV

Sunbelt Securities Inc. grew its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 42.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,741 shares of the company’s stock after acquiring an additional 13,670 shares during the quarter. Sunbelt Securities Inc.’s holdings in Fidelity High Dividend ETF were worth $2,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec bought a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $25,000. Monetary Solutions Ltd bought a new stake in Fidelity High Dividend ETF in the fourth quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF in the second quarter worth $27,000. Optima Capital LLC acquired a new stake in Fidelity High Dividend ETF in the fourth quarter worth $33,000. Finally, Global Assets Advisory LLC bought a new position in shares of Fidelity High Dividend ETF during the first quarter worth $36,000.

Fidelity High Dividend ETF Stock Up 1.0%

FDVV opened at $63.27 on Wednesday. The stock has a market cap of $10.24 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $52.86 and a 12 month high of $63.43. The company has a fifty day simple moving average of $61.27 and a 200 day simple moving average of $59.04.

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.