Truist Financial Corp Reduces Stock Position in Fidelity High Dividend ETF (NYSEARCA:FDVV)

Truist Financial Corp cut its stake in Fidelity High Dividend ETF (NYSEARCA:FDVV) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,358 shares of the company’s stock after selling 28,737 shares during the quarter. Truist Financial Corp’s holdings in Fidelity High Dividend ETF were worth $3,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in Fidelity High Dividend ETF by 50.3% in the third quarter. Raymond James & Associates now owns 41,062 shares of the company’s stock valued at $1,585,000 after acquiring an additional 13,742 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 4.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 120,877 shares of the company’s stock worth $4,665,000 after buying an additional 5,492 shares during the last quarter. MWA Asset Management bought a new stake in Fidelity High Dividend ETF during the third quarter valued at approximately $442,000. Octavia Wealth Advisors LLC increased its holdings in Fidelity High Dividend ETF by 4.8% during the third quarter. Octavia Wealth Advisors LLC now owns 127,727 shares of the company’s stock valued at $4,929,000 after buying an additional 5,854 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its position in Fidelity High Dividend ETF by 8.7% in the third quarter. Tandem Capital Management Corp ADV now owns 8,795 shares of the company’s stock worth $339,000 after acquiring an additional 705 shares during the period.

Fidelity High Dividend ETF Price Performance

Shares of FDVV stock opened at $45.25 on Wednesday. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. Fidelity High Dividend ETF has a 1 year low of $36.94 and a 1 year high of $45.42. The firm has a fifty day moving average price of $44.50 and a 200-day moving average price of $42.48.

Fidelity High Dividend ETF Company 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.