Fidelity High Dividend ETF (NYSEARCA:FDVV) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC cut its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,883 shares of the company’s stock after selling 400 shares during the period. Cornerstone Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in shares of Fidelity High Dividend ETF by 10.7% during the second quarter. Commonwealth Equity Services LLC now owns 2,480,597 shares of the company’s stock worth $116,042,000 after buying an additional 239,665 shares during the period. Osaic Holdings Inc. boosted its position in Fidelity High Dividend ETF by 17.2% during the 1st quarter. Osaic Holdings Inc. now owns 1,163,964 shares of the company’s stock worth $52,744,000 after acquiring an additional 170,970 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 35.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,020,505 shares of the company’s stock worth $47,739,000 after purchasing an additional 268,292 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Fidelity High Dividend ETF by 40.1% during the first quarter. Kestra Advisory Services LLC now owns 618,263 shares of the company’s stock valued at $28,013,000 after purchasing an additional 176,990 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Fidelity High Dividend ETF by 41.2% during the second quarter. Cetera Investment Advisers now owns 543,198 shares of the company’s stock valued at $25,411,000 after purchasing an additional 158,465 shares in the last quarter.

Fidelity High Dividend ETF Stock Up 0.5 %

Shares of FDVV opened at $51.72 on Friday. The firm has a market capitalization of $2.98 billion, a PE ratio of 11.51 and a beta of 0.82. The firm has a 50-day moving average price of $49.92 and a 200 day moving average price of $47.65. Fidelity High Dividend ETF has a 52-week low of $36.94 and a 52-week high of $51.77.

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.