Sapient Capital LLC Acquires 29,424 Shares of Fidelity High Dividend ETF $FDVV

Sapient Capital LLC lifted its holdings in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 49.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,039 shares of the company’s stock after acquiring an additional 29,424 shares during the period. Sapient Capital LLC’s holdings in Fidelity High Dividend ETF were worth $4,919,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Western Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF in the 1st quarter worth about $129,000. S&A Financial Services Inc. acquired a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth approximately $2,415,000. Midwest Financial Network LLC acquired a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth approximately $367,000. NewEdge Advisors LLC increased its holdings in shares of Fidelity High Dividend ETF by 8.5% during the first quarter. NewEdge Advisors LLC now owns 107,702 shares of the company’s stock worth $5,949,000 after purchasing an additional 8,392 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in shares of Fidelity High Dividend ETF by 330.2% during the first quarter. Glenmede Trust Co. NA now owns 2,366 shares of the company’s stock worth $131,000 after purchasing an additional 1,816 shares during the period.

Fidelity High Dividend ETF Stock Performance

NYSEARCA FDVV opened at $62.56 on Monday. Fidelity High Dividend ETF has a 1-year low of $52.86 and a 1-year high of $63.43. The company has a 50 day moving average of $61.41 and a 200-day moving average of $59.16. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

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.