Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 1-Year High at $48.96

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.96 and last traded at $48.85, with a volume of 264498 shares changing hands. The stock had previously closed at $48.06.

Fidelity High Dividend ETF Price Performance

The firm has a market cap of $2.81 billion, a P/E ratio of 11.51 and a beta of 0.82. The firm’s 50-day moving average price is $47.36 and its 200 day moving average price is $45.32.

Institutional Investors Weigh In On Fidelity High Dividend ETF

A number of institutional investors have recently made changes to their positions in FDVV. Envestnet Portfolio Solutions Inc. raised its stake in Fidelity High Dividend ETF by 26.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 16,914 shares of the company’s stock worth $766,000 after acquiring an additional 3,507 shares during the period. Stephens Inc. AR bought a new stake in shares of Fidelity High Dividend ETF in the 4th quarter worth approximately $938,000. First Foundation Advisors bought a new stake in shares of Fidelity High Dividend ETF in the 1st quarter worth approximately $204,000. Oppenheimer & Co. Inc. boosted its position in Fidelity High Dividend ETF by 52.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,279 shares of the company’s stock valued at $1,055,000 after purchasing an additional 7,962 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in Fidelity High Dividend ETF during the 4th quarter worth $1,930,000.

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.