Spire Wealth Management Sells 411 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Spire Wealth Management lessened its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,175 shares of the company’s stock after selling 411 shares during the quarter. Spire Wealth Management’s holdings in Fidelity High Dividend ETF were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FDVV. Raymond James & Associates boosted its stake in Fidelity High Dividend ETF by 50.3% during the 3rd quarter. Raymond James & Associates now owns 41,062 shares of the company’s stock worth $1,585,000 after acquiring an additional 13,742 shares during the last quarter. Allworth Financial LP boosted its stake in Fidelity High Dividend ETF by 14.9% during the 3rd quarter. Allworth Financial LP now owns 8,237 shares of the company’s stock worth $318,000 after acquiring an additional 1,067 shares during the last quarter. Benedetti & Gucer Inc. boosted its stake in Fidelity High Dividend ETF by 1.4% during the 3rd quarter. Benedetti & Gucer Inc. now owns 35,511 shares of the company’s stock worth $1,370,000 after acquiring an additional 477 shares during the last quarter. Private Advisor Group LLC boosted its stake in Fidelity High Dividend ETF by 8.2% during the 3rd quarter. Private Advisor Group LLC now owns 35,209 shares of the company’s stock worth $1,359,000 after acquiring an additional 2,664 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Fidelity High Dividend ETF during the 3rd quarter worth approximately $434,000.

Fidelity High Dividend ETF Stock Up 0.2 %

Fidelity High Dividend ETF stock traded up $0.09 during midday trading on Tuesday, hitting $46.79. 199,594 shares of the stock were exchanged, compared to its average volume of 278,219. The company has a fifty day simple moving average of $44.87 and a two-hundred day simple moving average of $43.01. Fidelity High Dividend ETF has a 52 week low of $36.94 and a 52 week high of $46.89. The stock has a market capitalization of $2.70 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.