Flagship Wealth Advisors LLC Has $8.80 Million Stake in Fidelity High Dividend ETF $FDVV

Flagship Wealth Advisors LLC trimmed its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 30.9% during the first quarter, Holdings Channel reports. The firm owned 169,118 shares of the company’s stock after selling 75,740 shares during the period. Fidelity High Dividend ETF comprises about 3.6% of Flagship Wealth Advisors LLC’s holdings, making the stock its 7th largest position. Flagship Wealth Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $8,798,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Federation des caisses Desjardins du Quebec bought a new position in Fidelity High Dividend ETF during the 4th quarter worth $25,000. Monetary Solutions Ltd acquired a new stake in shares of Fidelity High Dividend ETF in the 4th quarter worth about $26,000. Darwin Wealth Management LLC bought a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at about $27,000. Optima Capital LLC bought a new stake in Fidelity High Dividend ETF in the 4th quarter valued at about $33,000. Finally, Global Assets Advisory LLC acquired a new position in Fidelity High Dividend ETF during the 1st quarter valued at about $36,000.

Fidelity High Dividend ETF Trading Down 0.4%

Shares of NYSEARCA:FDVV opened at $62.56 on Friday. The firm’s 50 day moving average is $61.41 and its two-hundred day moving average is $59.14. Fidelity High Dividend ETF has a 52 week low of $52.86 and a 52 week high of $63.43. The firm has a market capitalization of $10.15 billion, a P/E ratio of 17.18 and a beta of 0.86.

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.