Raymond James & Associates Has $1.51 Million Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Raymond James & Associates lessened its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,651 shares of the company’s stock after selling 5,411 shares during the period. Raymond James & Associates owned about 0.09% of Fidelity High Dividend ETF worth $1,507,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FDVV. Retirement Planning Group LLC lifted its position in shares of Fidelity High Dividend ETF by 10.7% in the 4th quarter. Retirement Planning Group LLC now owns 173,785 shares of the company’s stock valued at $7,348,000 after acquiring an additional 16,760 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter worth approximately $397,000. Foresight Capital Management Advisors Inc. purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter worth approximately $2,674,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth approximately $206,000. Finally, David J Yvars Group purchased a new position in Fidelity High Dividend ETF during the fourth quarter valued at approximately $251,000.

Fidelity High Dividend ETF Stock Up 0.0 %

FDVV stock opened at $43.50 on Friday. The company has a 50 day moving average of $44.25 and a two-hundred day moving average of $41.89. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 10.36 and a beta of 1.01. Fidelity High Dividend ETF has a 12-month low of $36.94 and a 12-month high of $45.42.

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.