Madrona Financial Services LLC Sells 101,243 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Madrona Financial Services LLC decreased its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 86.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,775 shares of the company’s stock after selling 101,243 shares during the period. Madrona Financial Services LLC’s holdings in Fidelity High Dividend ETF were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in Fidelity High Dividend ETF by 12.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,114,014 shares of the company’s stock worth $155,514,000 after buying an additional 345,433 shares in the last quarter. LPL Financial LLC raised its stake in Fidelity High Dividend ETF by 96.5% in the fourth quarter. LPL Financial LLC now owns 1,838,464 shares of the company’s stock worth $91,813,000 after buying an additional 902,912 shares in the last quarter. Retirement Planning Group LLC raised its stake in Fidelity High Dividend ETF by 595.3% in the first quarter. Retirement Planning Group LLC now owns 1,827,617 shares of the company’s stock worth $90,650,000 after buying an additional 1,564,773 shares in the last quarter. Bank of America Corp DE raised its stake in Fidelity High Dividend ETF by 18.6% in the fourth quarter. Bank of America Corp DE now owns 1,240,933 shares of the company’s stock worth $61,972,000 after buying an additional 194,782 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Fidelity High Dividend ETF by 28.4% in the fourth quarter. Wells Fargo & Company MN now owns 900,523 shares of the company’s stock worth $44,972,000 after buying an additional 199,194 shares in the last quarter.

Fidelity High Dividend ETF Stock Down 0.2%

Shares of NYSEARCA:FDVV opened at $51.29 on Thursday. The firm has a 50 day moving average of $49.67 and a 200 day moving average of $49.87. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 17.11 and a beta of 0.92. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $52.78.

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.