Fidelity High Dividend ETF (NYSEARCA:FDVV) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 13.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 14,703 shares of the company’s stock after selling 2,191 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $745,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. KFG Wealth Management LLC acquired a new position in Fidelity High Dividend ETF during the first quarter worth about $329,000. Valley National Advisers Inc. grew its stake in shares of Fidelity High Dividend ETF by 19.1% in the 1st quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock worth $137,000 after purchasing an additional 487 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Fidelity High Dividend ETF by 44.9% in the 1st quarter. Westside Investment Management Inc. now owns 12,465 shares of the company’s stock worth $565,000 after purchasing an additional 3,865 shares in the last quarter. Kovack Advisors Inc. lifted its stake in Fidelity High Dividend ETF by 0.7% during the first quarter. Kovack Advisors Inc. now owns 84,543 shares of the company’s stock valued at $3,831,000 after purchasing an additional 598 shares during the last quarter. Finally, Powers Advisory Group LLC bought a new stake in Fidelity High Dividend ETF during the first quarter worth approximately $449,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $50.96 on Friday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 11.51 and a beta of 0.82. The business’s fifty day moving average is $50.21 and its two-hundred day moving average is $47.87. Fidelity High Dividend ETF has a 1 year low of $36.94 and a 1 year high of $51.81.

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.