MWA Asset Management Reduces Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

MWA Asset Management cut its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 6.3% in the first quarter, Holdings Channel.com reports. The firm owned 5,548 shares of the company’s stock after selling 375 shares during the quarter. MWA Asset Management’s holdings in Fidelity High Dividend ETF were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in Fidelity High Dividend ETF by 10.4% in the first quarter. Commonwealth Equity Services LLC now owns 3,438,466 shares of the company’s stock worth $170,548,000 after acquiring an additional 324,452 shares during the period. Liberty Wealth Management LLC purchased a new position in Fidelity High Dividend ETF in the first quarter worth approximately $266,000. Pathway Financial Advisers LLC grew its position in Fidelity High Dividend ETF by 1.2% in the first quarter. Pathway Financial Advisers LLC now owns 48,883 shares of the company’s stock worth $2,425,000 after acquiring an additional 599 shares during the period. Moors & Cabot Inc. grew its position in Fidelity High Dividend ETF by 16.7% in the first quarter. Moors & Cabot Inc. now owns 8,197 shares of the company’s stock worth $407,000 after acquiring an additional 1,175 shares during the period. Finally, Certified Advisory Corp grew its position in Fidelity High Dividend ETF by 5.2% in the first quarter. Certified Advisory Corp now owns 34,100 shares of the company’s stock worth $1,691,000 after acquiring an additional 1,692 shares during the period.

Fidelity High Dividend ETF Stock Down 0.9%

NYSEARCA:FDVV opened at $53.06 on Monday. The stock’s fifty day moving average is $52.11 and its two-hundred day moving average is $50.38. Fidelity High Dividend ETF has a 52 week low of $42.81 and a 52 week high of $54.28. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 17.18 and a beta of 1.01.

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.