MWA Asset Management Sells 3,510 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

MWA Asset Management lowered its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 37.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,923 shares of the company’s stock after selling 3,510 shares during the period. MWA Asset Management’s holdings in Fidelity High Dividend ETF were worth $296,000 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. Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF during the third quarter worth about $25,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Fidelity High Dividend ETF during the 3rd quarter worth approximately $75,000. Archer Investment Corp acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $98,000. Baker Avenue Asset Management LP bought a new stake in Fidelity High Dividend ETF in the 3rd quarter valued at $205,000. Finally, Ellis Investment Partners LLC acquired a new stake in Fidelity High Dividend ETF during the 3rd quarter valued at $209,000.

Fidelity High Dividend ETF Price Performance

FDVV stock opened at $50.88 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The company has a fifty day moving average price of $50.79 and a two-hundred day moving average price of $50.31. Fidelity High Dividend ETF has a one year low of $42.53 and a one year high of $52.78.

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.