Sovran Advisors LLC Invests $3.94 Million in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Sovran Advisors LLC acquired a new position in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 79,180 shares of the company’s stock, valued at approximately $3,940,000. Sovran Advisors LLC owned about 0.14% of Fidelity High Dividend ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Essex Financial Services Inc. grew its position in Fidelity High Dividend ETF by 12.4% during the 4th quarter. Essex Financial Services Inc. now owns 64,655 shares of the company’s stock worth $3,229,000 after purchasing an additional 7,117 shares during the last quarter. Principle Wealth Partners LLC grew its position in Fidelity High Dividend ETF by 3.0% during the 4th quarter. Principle Wealth Partners LLC now owns 76,434 shares of the company’s stock worth $3,817,000 after purchasing an additional 2,225 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Fidelity High Dividend ETF during the 4th quarter worth approximately $428,000. Kestra Private Wealth Services LLC grew its position in Fidelity High Dividend ETF by 0.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 96,836 shares of the company’s stock worth $4,836,000 after purchasing an additional 451 shares during the last quarter. Finally, Stephens Inc. AR grew its position in Fidelity High Dividend ETF by 39.2% during the 4th quarter. Stephens Inc. AR now owns 100,238 shares of the company’s stock worth $5,006,000 after purchasing an additional 28,217 shares during the last quarter.

Fidelity High Dividend ETF Trading Up 0.9 %

NYSEARCA:FDVV opened at $51.34 on Tuesday. The company has a market cap of $2.96 billion, a PE ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a twelve month low of $42.53 and a twelve month high of $52.78. The company’s 50 day moving average is $50.76 and its two-hundred day moving average is $50.36.

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.