Prime Capital Investment Advisors LLC Sells 2,991 Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV)

Prime Capital Investment Advisors LLC trimmed its position in shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,530 shares of the company’s stock after selling 2,991 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Fidelity High Dividend ETF were worth $787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDVV. Octavia Wealth Advisors LLC raised its holdings in Fidelity High Dividend ETF by 0.9% in the third quarter. Octavia Wealth Advisors LLC now owns 23,954 shares of the company’s stock worth $1,213,000 after purchasing an additional 222 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Fidelity High Dividend ETF by 5.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after acquiring an additional 260 shares in the last quarter. FSC Wealth Advisors LLC lifted its position in Fidelity High Dividend ETF by 2.6% during the 2nd quarter. FSC Wealth Advisors LLC now owns 11,467 shares of the company’s stock valued at $536,000 after acquiring an additional 293 shares during the period. MWA Asset Management boosted its stake in Fidelity High Dividend ETF by 3.4% during the second quarter. MWA Asset Management now owns 11,998 shares of the company’s stock worth $561,000 after acquiring an additional 398 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in Fidelity High Dividend ETF by 1.2% in the second quarter. Pathway Financial Advisers LLC now owns 45,687 shares of the company’s stock worth $2,133,000 after purchasing an additional 555 shares during the period.

Fidelity High Dividend ETF Stock Performance

Shares of NYSEARCA FDVV opened at $51.35 on Friday. The company has a 50 day simple moving average of $50.67 and a two-hundred day simple moving average of $48.54. Fidelity High Dividend ETF has a fifty-two week low of $39.52 and a fifty-two week high of $52.17. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82.

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.