Sunbelt Securities Inc. Buys 13,670 Shares of Fidelity High Dividend ETF $FDVV

Sunbelt Securities Inc. increased its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 42.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,741 shares of the company’s stock after acquiring an additional 13,670 shares during the period. Sunbelt Securities Inc.’s holdings in Fidelity High Dividend ETF were worth $2,527,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Fidelity High Dividend ETF by 6.0% during the 1st 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 in the last quarter. Brown Advisory Inc. bought a new stake in shares of Fidelity High Dividend ETF in the second quarter valued at about $320,000. Qube Research & Technologies Ltd lifted its holdings in shares of Fidelity High Dividend ETF by 95.6% in the second quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock valued at $976,000 after purchasing an additional 9,169 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Fidelity High Dividend ETF by 49.8% during the second 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 acquired a new position in shares of Fidelity High Dividend ETF during the second quarter worth about $27,000.

Fidelity High Dividend ETF Stock Performance

NYSEARCA:FDVV opened at $63.27 on Wednesday. The stock has a 50-day simple moving average of $61.27 and a 200 day simple moving average of $59.04. Fidelity High Dividend ETF has a 52-week low of $52.86 and a 52-week high of $63.43. The company has a market cap of $10.24 billion, a PE 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.