KMG Fiduciary Partners LLC Reduces Stake in Fidelity High Dividend ETF $FDVV

KMG Fiduciary Partners LLC lowered its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 91.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,514 shares of the company’s stock after selling 97,198 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Fidelity High Dividend ETF were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Fidelity High Dividend ETF by 36.8% during the fourth quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after buying an additional 1,655,768 shares during the period. Raymond James Financial Inc. boosted its position in shares of 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 acquiring an additional 635,591 shares during the period. Bank of America Corp DE boosted its position in shares of Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after acquiring an additional 572,218 shares during the period. Baer Investment Advisory LLC purchased a new position in Fidelity High Dividend ETF during the first quarter valued at approximately $30,326,000. Finally, Royal Bank of Canada grew its stake in Fidelity High Dividend ETF by 246.4% during the first quarter. Royal Bank of Canada now owns 595,227 shares of the company’s stock valued at $32,881,000 after acquiring an additional 423,383 shares in the last quarter.

Fidelity High Dividend ETF Trading Down 0.3%

Fidelity High Dividend ETF stock opened at $63.60 on Wednesday. Fidelity High Dividend ETF has a 1-year low of $53.77 and a 1-year high of $64.40. The firm has a market capitalization of $10.32 billion, a PE ratio of 17.18 and a beta of 0.86. The firm’s 50 day simple moving average is $61.77 and its 200 day simple moving average is $59.48.

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.