Sovran Advisors LLC Takes Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Sovran Advisors LLC acquired a new stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) during the 4th quarter, Holdings Channel.com reports. The fund acquired 79,180 shares of the company’s stock, valued at approximately $3,940,000.

Other large investors have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter valued at $25,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Fidelity High Dividend ETF in the 3rd quarter valued at $75,000. Archer Investment Corp acquired a new position in shares of Fidelity High Dividend ETF in the 4th quarter valued at $98,000. Baker Avenue Asset Management LP acquired a new position in shares of Fidelity High Dividend ETF in the 3rd quarter valued at $205,000. Finally, Daymark Wealth Partners LLC acquired a new position in shares of Fidelity High Dividend ETF in the 4th quarter valued at $206,000.

Fidelity High Dividend ETF Price Performance

FDVV opened at $51.34 on Tuesday. The firm has a fifty day moving average price of $50.76 and a 200 day moving average price of $50.36. Fidelity High Dividend ETF has a 1 year low of $42.53 and a 1 year high of $52.78. The stock has a market cap of $2.96 billion, a P/E 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.