Stratos Wealth Partners LTD. Trims Stock Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Stratos Wealth Partners LTD. lowered its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 82.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,100 shares of the company’s stock after selling 27,747 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Fidelity High Dividend ETF were worth $303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDVV. HighTower Advisors LLC grew its stake in Fidelity High Dividend ETF by 37.6% in the fourth quarter. HighTower Advisors LLC now owns 22,698 shares of the company’s stock worth $1,134,000 after purchasing an additional 6,200 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Fidelity High Dividend ETF by 72.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 42,405 shares of the company’s stock worth $2,118,000 after purchasing an additional 17,875 shares in the last quarter. Harbour Investments Inc. grew its stake in Fidelity High Dividend ETF by 4.1% in the fourth quarter. Harbour Investments Inc. now owns 39,485 shares of the company’s stock worth $1,972,000 after purchasing an additional 1,544 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Fidelity High Dividend ETF by 613.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 34,486 shares of the company’s stock worth $1,722,000 after purchasing an additional 29,654 shares in the last quarter. Finally, SageOak Financial LLC bought a new position in Fidelity High Dividend ETF in the fourth quarter worth approximately $992,000.

Fidelity High Dividend ETF Trading Down 0.5%

Shares of NYSEARCA FDVV opened at $52.83 on Wednesday. The stock has a market capitalization of $5.85 billion, a PE ratio of 17.18 and a beta of 1.01. The stock’s fifty day simple moving average is $51.12 and its two-hundred day simple moving average is $50.05. Fidelity High Dividend ETF has a 12-month low of $42.81 and a 12-month high of $53.43.

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.