Lido Advisors LLC Lowers Position in Fidelity High Dividend ETF $FDVV

Lido Advisors LLC trimmed its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 27.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,546 shares of the company’s stock after selling 66,261 shares during the quarter. Lido Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $9,804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Fidelity High Dividend ETF by 6.0% during the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock worth $5,373,000 after buying an additional 6,174 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at approximately $320,000. Qube Research & Technologies Ltd raised its stake in shares of Fidelity High Dividend ETF by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after acquiring an additional 9,169 shares during the period. NewEdge Advisors LLC lifted its holdings 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 acquiring an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth approximately $27,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV opened at $61.81 on Friday. Fidelity High Dividend ETF has a fifty-two week low of $52.86 and a fifty-two week high of $62.71. The company has a 50 day moving average price of $61.07 and a 200 day moving average price of $58.92. The stock has a market capitalization of $10.01 billion, a P/E 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.