RFG Advisory LLC Trims Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

RFG Advisory LLC reduced its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 6.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 129,129 shares of the company’s stock after selling 9,096 shares during the quarter. RFG Advisory LLC’s holdings in Fidelity High Dividend ETF were worth $6,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FDVV. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF in the third quarter worth approximately $25,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Fidelity High Dividend ETF in the 3rd quarter worth $75,000. Baker Avenue Asset Management LP purchased a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at $205,000. Daymark Wealth Partners LLC purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at $206,000. Finally, Ellis Investment Partners LLC bought a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter worth $209,000.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA:FDVV opened at $51.47 on Friday. The firm has a fifty day moving average of $51.05 and a 200 day moving average of $50.12. Fidelity High Dividend ETF has a 52-week low of $42.53 and a 52-week high of $52.78. The firm has a market capitalization of $2.97 billion, a PE ratio of 11.51 and a beta of 0.82.

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.