Valmark Advisers Inc. Sells 47,762 Shares of Fidelity High Dividend ETF $FDVV

Valmark Advisers Inc. decreased its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 63.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 27,681 shares of the company’s stock after selling 47,762 shares during the period. Valmark Advisers Inc.’s holdings in Fidelity High Dividend ETF were worth $1,529,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FDVV. Royal Bank of Canada grew its stake in shares of 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 purchasing an additional 6,174 shares during the period. Brown Advisory Inc. bought a new position in Fidelity High Dividend ETF during the second quarter worth about $320,000. Qube Research & Technologies Ltd boosted its holdings 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 worth $976,000 after buying an additional 9,169 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Fidelity High Dividend ETF by 49.8% during 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 during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $61.94 on Tuesday. The firm’s 50 day simple moving average is $60.62 and its 200 day simple moving average is $58.62. Fidelity High Dividend ETF has a fifty-two week low of $52.48 and a fifty-two week high of $62.40. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.