Marmo Financial Group LLC Has $4.02 Million Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Marmo Financial Group LLC lowered its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 5.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 85,976 shares of the company’s stock after selling 4,824 shares during the period. Fidelity High Dividend ETF comprises 2.4% of Marmo Financial Group LLC’s holdings, making the stock its 11th largest holding. Marmo Financial Group LLC’s holdings in Fidelity High Dividend ETF were worth $4,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FDVV. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity High Dividend ETF by 19.4% during the first quarter. Commonwealth Equity Services LLC now owns 2,240,932 shares of the company’s stock valued at $101,537,000 after acquiring an additional 364,298 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Fidelity High Dividend ETF by 17.2% during the first quarter. Osaic Holdings Inc. now owns 1,163,964 shares of the company’s stock valued at $52,744,000 after purchasing an additional 170,970 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Fidelity High Dividend ETF by 40.1% during the first quarter. Kestra Advisory Services LLC now owns 618,263 shares of the company’s stock worth $28,013,000 after purchasing an additional 176,990 shares during the last quarter. Wells Fargo & Company MN grew its position in Fidelity High Dividend ETF by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 474,633 shares of the company’s stock worth $20,068,000 after purchasing an additional 102,369 shares in the last quarter. Finally, McIlrath & Eck LLC increased its stake in Fidelity High Dividend ETF by 11.2% in the 4th quarter. McIlrath & Eck LLC now owns 397,057 shares of the company’s stock valued at $16,788,000 after buying an additional 39,931 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV traded down $0.34 during midday trading on Thursday, reaching $49.14. The company’s stock had a trading volume of 320,846 shares, compared to its average volume of 309,654. The stock has a market capitalization of $2.84 billion, a P/E ratio of 11.51 and a beta of 0.82. The firm has a 50 day moving average price of $47.80 and a 200-day moving average price of $45.90. Fidelity High Dividend ETF has a 12-month low of $36.94 and a 12-month high of $49.68.

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.