Pathway Financial Advisers LLC Decreases Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Pathway Financial Advisers LLC trimmed its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,284 shares of the company’s stock after selling 907 shares during the period. Pathway Financial Advisers LLC owned approximately 0.08% of Fidelity High Dividend ETF worth $2,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Avion Wealth bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at $128,000. TFB Advisors LLC purchased a new position in Fidelity High Dividend ETF in the 4th quarter worth about $210,000. Sovran Advisors LLC bought a new position in Fidelity High Dividend ETF during the 4th quarter valued at about $3,940,000. Essex Financial Services Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 12.4% during the 4th quarter. Essex Financial Services Inc. now owns 64,655 shares of the company’s stock valued at $3,229,000 after acquiring an additional 7,117 shares during the last quarter. Finally, Principle Wealth Partners LLC grew its stake in shares of Fidelity High Dividend ETF by 3.0% in the fourth quarter. Principle Wealth Partners LLC now owns 76,434 shares of the company’s stock worth $3,817,000 after acquiring an additional 2,225 shares during the period.

Fidelity High Dividend ETF Stock Down 0.3 %

FDVV opened at $51.45 on Thursday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The firm has a 50 day moving average price of $50.72 and a 200-day moving average price of $50.41. Fidelity High Dividend ETF has a twelve month low of $42.53 and a twelve month high of $52.78.

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.