Fidelity High Dividend ETF $FDVV Stock Holdings Reduced by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 92.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,109 shares of the company’s stock after selling 895,238 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity High Dividend ETF were worth $4,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Water Asset Management bought a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth about $805,000. Dahring Cusmano LLC boosted its stake in shares of Fidelity High Dividend ETF by 94.2% during the 4th quarter. Dahring Cusmano LLC now owns 11,901 shares of the company’s stock worth $675,000 after acquiring an additional 5,773 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Fidelity High Dividend ETF by 15.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 160,267 shares of the company’s stock worth $9,086,000 after acquiring an additional 21,548 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Fidelity High Dividend ETF by 183.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 19,891 shares of the company’s stock worth $1,128,000 after acquiring an additional 12,879 shares in the last quarter. Finally, PCG Wealth Advisors LLC bought a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth about $531,000.

Fidelity High Dividend ETF Stock Performance

FDVV opened at $60.70 on Monday. The company has a market cap of $9.44 billion, a PE ratio of 17.18 and a beta of 0.86. The stock has a 50-day moving average of $57.55 and a 200-day moving average of $57.44. Fidelity High Dividend ETF has a 52-week low of $49.10 and a 52-week high of $60.78.

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.