Systelligence LLC Has $11.45 Million Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Systelligence LLC cut its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 229,205 shares of the company’s stock after selling 54,213 shares during the quarter. Fidelity High Dividend ETF comprises 2.8% of Systelligence LLC’s portfolio, making the stock its 12th biggest holding. Systelligence LLC’s holdings in Fidelity High Dividend ETF were worth $11,446,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Strategic Financial Concepts LLC acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $507,000. Allworth Financial LP grew its holdings in Fidelity High Dividend ETF by 8.8% in the 4th quarter. Allworth Financial LP now owns 510,021 shares of the company’s stock valued at $26,088,000 after buying an additional 41,384 shares in the last quarter. Principal Securities Inc. grew its holdings in Fidelity High Dividend ETF by 1.6% in the 4th quarter. Principal Securities Inc. now owns 49,323 shares of the company’s stock valued at $2,463,000 after buying an additional 763 shares in the last quarter. Lakeridge Wealth Management LLC grew its holdings in Fidelity High Dividend ETF by 6.7% in the 4th quarter. Lakeridge Wealth Management LLC now owns 296,158 shares of the company’s stock valued at $14,790,000 after buying an additional 18,665 shares in the last quarter. Finally, Ellis Investment Partners LLC grew its holdings in Fidelity High Dividend ETF by 27.9% in the 4th quarter. Ellis Investment Partners LLC now owns 5,281 shares of the company’s stock valued at $264,000 after buying an additional 1,151 shares in the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $51.68 on Monday. The stock’s fifty day moving average price is $50.69 and its two-hundred day moving average price is $50.48. Fidelity High Dividend ETF has a one year low of $43.10 and a one year high of $52.78. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82.

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.