Fidelity High Dividend ETF $FDVV is Sculati Wealth Management LLC’s 4th Largest Position

Sculati Wealth Management LLC grew its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 179,534 shares of the company’s stock after acquiring an additional 14,178 shares during the period. Fidelity High Dividend ETF accounts for 3.6% of Sculati Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Sculati Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $10,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FDVV. Raymond James Financial Inc. boosted its stake in shares of Fidelity High Dividend ETF by 62.2% during the 3rd quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after buying an additional 635,591 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Fidelity High Dividend ETF by 34.6% during the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after buying an additional 572,218 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of Fidelity High Dividend ETF during the 3rd quarter valued at approximately $28,056,000. Jane Street Group LLC boosted its stake in shares of Fidelity High Dividend ETF by 301.9% during the 2nd quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after buying an additional 394,131 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Fidelity High Dividend ETF by 271.0% during the 3rd quarter. Private Advisor Group LLC now owns 399,413 shares of the company’s stock valued at $22,251,000 after buying an additional 291,754 shares during the last quarter.

Fidelity High Dividend ETF Trading Down 1.2%

Fidelity High Dividend ETF stock opened at $59.26 on Friday. The stock has a market cap of $9.21 billion, a P/E ratio of 17.18 and a beta of 0.86. The stock has a 50 day moving average of $57.30 and a 200-day moving average of $57.30. Fidelity High Dividend ETF has a 52 week low of $49.10 and a 52 week high of $60.12.

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.