Fidelity High Dividend ETF $FDVV Shares Sold by IFC & Insurance Marketing Inc.

IFC & Insurance Marketing Inc. trimmed its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 79.8% in the 1st quarter, HoldingsChannel reports. The firm owned 22,160 shares of the company’s stock after selling 87,438 shares during the quarter. Fidelity High Dividend ETF makes up about 1.3% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 22nd largest position. IFC & Insurance Marketing Inc.’s holdings in Fidelity High Dividend ETF were worth $1,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDVV. Federation des caisses Desjardins du Quebec purchased a new stake in Fidelity High Dividend ETF in the fourth quarter valued at approximately $25,000. Monetary Solutions Ltd purchased a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new position in Fidelity High Dividend ETF during the 2nd quarter worth approximately $27,000. Optima Capital LLC purchased a new position in Fidelity High Dividend ETF during the 4th quarter worth approximately $33,000. Finally, Dunhill Financial LLC acquired a new stake in Fidelity High Dividend ETF during the 4th quarter valued at approximately $41,000.

Fidelity High Dividend ETF Price Performance

FDVV stock opened at $60.39 on Tuesday. The firm’s fifty day simple moving average is $59.85 and its 200-day simple moving average is $58.18. The company has a market capitalization of $9.39 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12 month low of $50.53 and a 12 month high of $62.06.

Fidelity High Dividend ETF Company 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.