Prime Capital Investment Advisors LLC Lowers Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Prime Capital Investment Advisors LLC lowered its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 16.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,530 shares of the company’s stock after selling 2,991 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $787,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Savvy Advisors Inc. grew its stake in Fidelity High Dividend ETF by 37.0% during the third quarter. Savvy Advisors Inc. now owns 12,995 shares of the company’s stock valued at $658,000 after acquiring an additional 3,508 shares in the last quarter. Systelligence LLC purchased a new position in shares of Fidelity High Dividend ETF during the third quarter valued at about $14,355,000. Harbour Investments Inc. increased its holdings in shares of Fidelity High Dividend ETF by 407.8% in the third quarter. Harbour Investments Inc. now owns 37,941 shares of the company’s stock worth $1,922,000 after purchasing an additional 30,470 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Fidelity High Dividend ETF by 5.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after purchasing an additional 260 shares during the last quarter. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of Fidelity High Dividend ETF in the third quarter worth about $205,000.

Fidelity High Dividend ETF Price Performance

NYSEARCA FDVV opened at $51.35 on Friday. Fidelity High Dividend ETF has a 1-year low of $39.52 and a 1-year high of $52.17. The business has a 50 day simple moving average of $50.67 and a two-hundred day simple moving average of $48.54. The stock has a market capitalization of $2.96 billion, a PE ratio of 11.51 and a beta of 0.82.

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.