Fidelity High Dividend ETF $FDVV Stock Sold by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC reduced its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 37.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 41,285 shares of the company’s stock after selling 24,417 shares during the period. Elevation Capital Advisory LLC’s holdings in Fidelity High Dividend ETF were worth $2,507,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FDVV. Global Assets Advisory LLC bought a new position in Fidelity High Dividend ETF during the first quarter valued at approximately $36,000. Oakworth Capital Inc. bought a new stake in Fidelity High Dividend ETF in the 3rd quarter worth approximately $42,000. Horrell Capital Management Inc. bought a new stake in Fidelity High Dividend ETF in the 3rd quarter worth approximately $46,000. Bessemer Group Inc. bought a new stake in Fidelity High Dividend ETF in the 1st quarter worth approximately $56,000. Finally, Meramec Financial Planners LLC bought a new stake in Fidelity High Dividend ETF in the 1st quarter worth approximately $63,000.

Fidelity High Dividend ETF Price Performance

Shares of FDVV opened at $62.11 on Friday. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 1 year low of $53.77 and a 1 year high of $64.54. The business’s 50 day simple moving average is $62.20 and its 200-day simple moving average is $60.24.

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.