Valmark Advisers Inc. Cuts Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Valmark Advisers Inc. trimmed its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,729 shares of the company’s stock after selling 6,474 shares during the quarter. Valmark Advisers Inc.’s holdings in Fidelity High Dividend ETF were worth $3,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Melfa Wealth Management Inc. boosted its holdings in Fidelity High Dividend ETF by 1.5% during the 4th quarter. Melfa Wealth Management Inc. now owns 17,460 shares of the company’s stock worth $872,000 after acquiring an additional 258 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Fidelity High Dividend ETF by 5.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after acquiring an additional 260 shares during the last quarter. Ballew Advisors Inc boosted its holdings in Fidelity High Dividend ETF by 1.0% during the 4th quarter. Ballew Advisors Inc now owns 27,908 shares of the company’s stock worth $1,380,000 after acquiring an additional 266 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of Fidelity High Dividend ETF by 0.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 40,983 shares of the company’s stock worth $2,047,000 after purchasing an additional 273 shares during the period. Finally, Tandem Capital Management Corp ADV raised its stake in shares of Fidelity High Dividend ETF by 3.3% during the 4th quarter. Tandem Capital Management Corp ADV now owns 9,470 shares of the company’s stock worth $473,000 after purchasing an additional 300 shares during the period.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV opened at $51.68 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a one year low of $43.10 and a one year high of $52.78. The business’s fifty day moving average is $50.69 and its 200-day moving average is $50.47.

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.