Crescent Grove Advisors LLC Reduces Stake in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Crescent Grove Advisors LLC decreased its holdings in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 16.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,367 shares of the company’s stock after selling 1,421 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity High Dividend ETF by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 2,768,581 shares of the company’s stock worth $140,229,000 after purchasing an additional 287,984 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Fidelity High Dividend ETF during the 2nd quarter worth approximately $12,937,000. Envestnet Asset Management Inc. increased its position in Fidelity High Dividend ETF by 35.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,020,505 shares of the company’s stock worth $47,739,000 after buying an additional 268,292 shares during the period. Cetera Investment Advisers lifted its stake in Fidelity High Dividend ETF by 130.8% in the first quarter. Cetera Investment Advisers now owns 384,733 shares of the company’s stock valued at $17,432,000 after buying an additional 218,023 shares during the last quarter. Finally, Childress Capital Advisors LLC boosted its holdings in shares of Fidelity High Dividend ETF by 38.5% in the third quarter. Childress Capital Advisors LLC now owns 759,709 shares of the company’s stock valued at $38,479,000 after acquiring an additional 211,267 shares during the period.

Fidelity High Dividend ETF Price Performance

FDVV stock opened at $51.64 on Thursday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The company has a fifty day moving average price of $50.41 and a 200 day moving average price of $48.25. Fidelity High Dividend ETF has a 12 month low of $38.36 and a 12 month high of $51.84.

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.