Sovran Advisors LLC Sells 10,852 Shares of Fidelity High Dividend ETF $FDVV

Sovran Advisors LLC trimmed its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 31.2% during the first quarter, HoldingsChannel.com reports. The fund owned 23,922 shares of the company’s stock after selling 10,852 shares during the quarter. Sovran Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $1,413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FDVV. Federation des caisses Desjardins du Quebec acquired a new stake in Fidelity High Dividend ETF in the fourth quarter valued at approximately $25,000. Monetary Solutions Ltd bought a new position in shares of Fidelity High Dividend ETF in the 4th quarter valued at $26,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $27,000. Optima Capital LLC acquired a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at $33,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at $41,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $62.14 on Monday. Fidelity High Dividend ETF has a 12-month low of $52.48 and a 12-month high of $62.23. The business has a 50-day simple moving average of $60.56 and a two-hundred day simple moving average of $58.59. The stock has a market cap of $10.03 billion, a PE ratio of 17.18 and a beta of 0.86.

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.