IFC & Insurance Marketing Inc. Reduces Holdings in Fidelity High Dividend ETF $FDVV

IFC & Insurance Marketing Inc. lowered its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 79.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,160 shares of the company’s stock after selling 87,438 shares during the quarter. Fidelity High Dividend ETF comprises approximately 1.3% of IFC & Insurance Marketing Inc.’s investment portfolio, making the stock its 22nd largest holding. IFC & Insurance Marketing Inc.’s holdings in Fidelity High Dividend ETF were worth $1,224,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec acquired a new stake in Fidelity High Dividend ETF in the 4th quarter worth approximately $25,000. Monetary Solutions Ltd purchased a new stake in Fidelity High Dividend ETF during the 4th quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new position in Fidelity High Dividend ETF during the 2nd quarter valued at approximately $27,000. Optima Capital LLC acquired a new position in Fidelity High Dividend ETF during the 4th quarter valued at approximately $33,000. Finally, Dunhill Financial LLC purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth $41,000.

Fidelity High Dividend ETF Trading Down 0.3%

NYSEARCA FDVV opened at $60.39 on Tuesday. Fidelity High Dividend ETF has a 12-month low of $50.53 and a 12-month high of $62.06. The company has a fifty day simple moving average of $59.85 and a two-hundred day simple moving average of $58.18. The stock has a market cap of $9.39 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.