Janney Montgomery Scott LLC Decreases Stock Holdings in Fidelity High Dividend ETF $FDVV

Janney Montgomery Scott LLC lowered its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 45.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,379 shares of the company’s stock after selling 129,839 shares during the period. Janney Montgomery Scott LLC owned approximately 0.10% of Fidelity High Dividend ETF worth $8,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC boosted its position in Fidelity High Dividend ETF by 36.8% during the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock worth $349,246,000 after purchasing an additional 1,655,768 shares during the period. Raymond James Financial Inc. raised its position in Fidelity High Dividend ETF by 62.2% in the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after purchasing an additional 635,591 shares during the period. Bank of America Corp DE lifted its stake in shares of Fidelity High Dividend ETF by 34.6% during the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Fidelity High Dividend ETF by 301.9% during the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after purchasing an additional 394,131 shares in the last quarter. Finally, Core Wealth Advisors LLC acquired a new position in shares of Fidelity High Dividend ETF during the fourth quarter worth about $16,927,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $61.28 on Friday. Fidelity High Dividend ETF has a 1-year low of $52.48 and a 1-year high of $62.06. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The business has a 50-day moving average of $60.25 and a 200-day moving average of $58.39.

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.