Valmark Advisers Inc. Has $1.53 Million Stock Position in Fidelity High Dividend ETF $FDVV

Valmark Advisers Inc. lowered its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 63.3% in the first quarter, Holdings Channel reports. The firm owned 27,681 shares of the company’s stock after selling 47,762 shares during the quarter. Valmark Advisers Inc.’s holdings in Fidelity High Dividend ETF were worth $1,529,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in Fidelity High Dividend ETF by 36.8% during the 4th quarter. LPL Financial LLC now owns 6,160,630 shares of the company’s stock valued at $349,246,000 after purchasing an additional 1,655,768 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity High Dividend ETF by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,034,654 shares of the company’s stock valued at $172,035,000 after purchasing an additional 75,387 shares during the last quarter. Morgan Stanley increased its holdings in shares of Fidelity High Dividend ETF by 7.6% in the fourth quarter. Morgan Stanley now owns 2,520,014 shares of the company’s stock valued at $142,860,000 after purchasing an additional 177,157 shares during the last quarter. Retirement Planning Group LLC raised its position in shares of Fidelity High Dividend ETF by 5.3% in the fourth quarter. Retirement Planning Group LLC now owns 2,314,770 shares of the company’s stock valued at $131,224,000 after purchasing an additional 115,547 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Fidelity High Dividend ETF by 34.6% in the third quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after purchasing an additional 572,218 shares during the period.

Fidelity High Dividend ETF Stock Down 0.3%

Shares of FDVV stock opened at $61.94 on Tuesday. The firm has a 50 day moving average price of $60.62 and a two-hundred day moving average price of $58.62. The company has a market capitalization of $10.00 billion, a PE ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12-month low of $52.48 and a 12-month high of $62.40.

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.