Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High at $50.20

Fidelity High Dividend ETF (NYSEARCA:FDVV) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $50.20 and last traded at $50.20, with a volume of 149 shares. The stock had previously closed at $50.09.

Fidelity High Dividend ETF Trading Up 0.0 %

The business has a fifty day simple moving average of $48.60 and a 200 day simple moving average of $46.67. The stock has a market capitalization of $2.89 billion, a P/E ratio of 11.51 and a beta of 0.82.

Institutional Trading of Fidelity High Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in Fidelity High Dividend ETF during the 1st quarter worth approximately $35,000. LifeSteps Financial Inc. purchased a new stake in shares of Fidelity High Dividend ETF during the first quarter valued at approximately $39,000. Hantz Financial Services Inc. purchased a new position in Fidelity High Dividend ETF in the second quarter worth $51,000. ICA Group Wealth Management LLC bought a new position in Fidelity High Dividend ETF in the 4th quarter valued at $86,000. Finally, Valley National Advisers Inc. increased its position in shares of Fidelity High Dividend ETF by 19.1% during the 1st quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock valued at $137,000 after purchasing an additional 487 shares during the last quarter.

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.