B. Riley Wealth Advisors Inc. Lowers Holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV)

B. Riley Wealth Advisors Inc. reduced its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 28.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,767 shares of the company’s stock after selling 6,803 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Fidelity High Dividend ETF were worth $760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its stake in Fidelity High Dividend ETF by 26.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,914 shares of the company’s stock valued at $766,000 after purchasing an additional 3,507 shares in the last quarter. Stephens Inc. AR purchased a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $938,000. First Foundation Advisors purchased a new stake in Fidelity High Dividend ETF during the 1st quarter valued at $204,000. Oppenheimer & Co. Inc. increased its holdings in shares of Fidelity High Dividend ETF by 52.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 23,279 shares of the company’s stock worth $1,055,000 after purchasing an additional 7,962 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth $1,930,000.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA:FDVV opened at $47.75 on Friday. Fidelity High Dividend ETF has a 1 year low of $36.94 and a 1 year high of $48.96. The stock’s fifty day moving average price is $47.40 and its 200-day moving average price is $45.34. The company has a market cap of $2.76 billion, a P/E 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.