Kingswood Wealth Advisors LLC Reduces Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Kingswood Wealth Advisors LLC trimmed its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,974 shares of the company’s stock after selling 876 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDVV. Tower Research Capital LLC TRC purchased a new stake in shares of Fidelity High Dividend ETF in the 4th quarter valued at about $27,000. ICA Group Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF in the 4th quarter worth about $86,000. Householder Group Estate & Retirement Specialist LLC increased its position in shares of Fidelity High Dividend ETF by 11.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 3,773 shares of the company’s stock valued at $159,000 after purchasing an additional 388 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Fidelity High Dividend ETF by 28.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,896 shares of the company’s stock valued at $165,000 after buying an additional 867 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in Fidelity High Dividend ETF in the 4th quarter worth approximately $177,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV opened at $46.78 on Friday. The stock has a market capitalization of $2.70 billion, a P/E ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a one year low of $36.94 and a one year high of $47.77. The firm’s 50 day simple moving average is $46.18 and its two-hundred day simple moving average is $44.40.

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.