Pathway Financial Advisers LLC Trims Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Pathway Financial Advisers LLC decreased its position in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 48,284 shares of the company’s stock after selling 907 shares during the period. Pathway Financial Advisers LLC’s holdings in Fidelity High Dividend ETF were worth $2,411,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of FDVV. Darwin Wealth Management LLC bought a new position in Fidelity High Dividend ETF in the 3rd quarter worth $25,000. Glass Jacobson Investment Advisors llc purchased a new stake in Fidelity High Dividend ETF in the third quarter worth about $75,000. Archer Investment Corp bought a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth about $98,000. Avion Wealth purchased a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at about $128,000. Finally, Baker Avenue Asset Management LP bought a new position in shares of Fidelity High Dividend ETF during the 3rd quarter valued at approximately $205,000.

Fidelity High Dividend ETF Trading Down 0.3 %

NYSEARCA FDVV opened at $51.45 on Thursday. Fidelity High Dividend ETF has a 12 month low of $42.53 and a 12 month high of $52.78. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The company’s 50 day moving average is $50.72 and its two-hundred day moving average is $50.41.

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.