Sigma Planning Corp Lowers Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Sigma Planning Corp reduced its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,126 shares of the company’s stock after selling 389 shares during the period. Sigma Planning Corp’s holdings in Fidelity High Dividend ETF were worth $1,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDVV. Darwin Wealth Management LLC bought a new stake in Fidelity High Dividend ETF during the third quarter worth about $25,000. Roxbury Financial LLC bought a new stake in Fidelity High Dividend ETF in the 4th quarter worth approximately $62,000. Glass Jacobson Investment Advisors llc purchased a new stake in Fidelity High Dividend ETF in the third quarter worth approximately $75,000. Archer Investment Corp purchased a new stake in Fidelity High Dividend ETF in the fourth quarter worth approximately $98,000. Finally, Avion Wealth bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at approximately $128,000.

Fidelity High Dividend ETF Stock Performance

Shares of FDVV opened at $51.47 on Tuesday. Fidelity High Dividend ETF has a fifty-two week low of $43.34 and a fifty-two week high of $52.78. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The firm has a 50 day moving average price of $50.73 and a 200-day moving average price of $50.65.

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.