Fortitude Financial LLC Cuts Position in Fidelity High Dividend ETF $FDVV

Fortitude Financial LLC decreased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 88.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,972 shares of the company’s stock after selling 38,277 shares during the quarter. Fidelity High Dividend ETF accounts for 0.3% of Fortitude Financial LLC’s portfolio, making the stock its 24th biggest holding. Fortitude Financial LLC’s holdings in Fidelity High Dividend ETF were worth $300,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its position in Fidelity High Dividend ETF by 6.0% in the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after purchasing an additional 6,174 shares during the last quarter. Brown Advisory Inc. bought a new position in Fidelity High Dividend ETF during the second quarter valued at $320,000. Qube Research & Technologies Ltd lifted its position in Fidelity High Dividend ETF by 95.6% during the second quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after purchasing an additional 9,169 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Fidelity High Dividend ETF by 49.8% in the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after buying an additional 37,501 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth $27,000.

Fidelity High Dividend ETF Price Performance

Fidelity High Dividend ETF stock opened at $64.20 on Monday. The company’s 50-day moving average price is $61.69 and its 200-day moving average price is $59.38. The company has a market cap of $10.42 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a twelve month low of $53.77 and a twelve month high of $64.40.

Fidelity High Dividend ETF Company 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.