Avaii Wealth Management LLC Sells 5,855 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Avaii Wealth Management LLC cut its stake in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 29.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,023 shares of the company’s stock after selling 5,855 shares during the quarter. Avaii Wealth Management LLC’s holdings in Fidelity High Dividend ETF were worth $710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FDVV. EverSource Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF during the first quarter worth $35,000. Hantz Financial Services Inc. bought a new position in shares of Fidelity High Dividend ETF in the second quarter valued at $51,000. ICA Group Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at about $86,000. Valley National Advisers Inc. grew its holdings in shares of Fidelity High Dividend ETF by 19.1% during the first quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock valued at $137,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Fidelity High Dividend ETF by 6,777.4% during the second quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock valued at $199,000 after buying an additional 4,202 shares during the last quarter.

Fidelity High Dividend ETF Price Performance

Shares of NYSEARCA FDVV traded up $0.07 during mid-day trading on Thursday, reaching $51.63. 128,808 shares of the company’s stock traded hands, compared to its average volume of 326,334. The stock has a market cap of $2.98 billion, a P/E ratio of 11.51 and a beta of 0.82. The business has a 50-day simple moving average of $49.75 and a 200 day simple moving average of $47.56. Fidelity High Dividend ETF has a 1-year low of $36.94 and a 1-year high of $51.77.

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.