Sunbelt Securities Inc. Raises Holdings in Fidelity High Dividend ETF $FDVV

Sunbelt Securities Inc. increased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 87.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,825 shares of the company’s stock after acquiring an additional 14,892 shares during the quarter. Sunbelt Securities Inc.’s holdings in Fidelity High Dividend ETF were worth $1,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDVV. Royal Bank of Canada boosted its position in Fidelity High Dividend ETF by 6.0% during the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after purchasing an additional 6,174 shares during the period. Meridian Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF in the second quarter valued at approximately $206,000. Creative Planning lifted its stake in shares of Fidelity High Dividend ETF by 19.8% during the 2nd quarter. Creative Planning now owns 10,975 shares of the company’s stock valued at $571,000 after buying an additional 1,811 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Fidelity High Dividend ETF by 1.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 143,911 shares of the company’s stock valued at $7,486,000 after buying an additional 1,915 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in Fidelity High Dividend ETF in the 2nd quarter worth approximately $32,000.

Fidelity High Dividend ETF Trading Down 1.6%

FDVV opened at $55.77 on Thursday. Fidelity High Dividend ETF has a 12 month low of $42.81 and a 12 month high of $60.12. The company has a market cap of $8.13 billion, a PE ratio of 17.18 and a beta of 0.92. The company has a 50 day moving average of $58.11 and a 200 day moving average of $56.76.

Fidelity High Dividend ETF 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.