Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 52-Week High – What’s Next?

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVVGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $51.47 and last traded at $51.43, with a volume of 439244 shares trading hands. The stock had previously closed at $51.11.

Fidelity High Dividend ETF Stock Up 0.9 %

The firm has a market capitalization of $2.98 billion, a PE ratio of 11.51 and a beta of 0.82. The company’s 50-day simple moving average is $49.65 and its 200 day simple moving average is $47.53.

Institutional Trading of Fidelity High Dividend ETF

A number of institutional investors have recently bought and sold shares of FDVV. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity High Dividend ETF during the first quarter worth about $35,000. Hantz Financial Services Inc. purchased a new position in Fidelity High Dividend ETF during the 2nd quarter worth approximately $51,000. ICA Group Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF during the 4th quarter valued at approximately $86,000. Valley National Advisers Inc. boosted its holdings in shares of Fidelity High Dividend ETF by 19.1% in the 1st quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock valued at $137,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Fidelity High Dividend ETF by 6,777.4% in the second quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock worth $199,000 after acquiring an additional 4,202 shares during the period.

Fidelity High Dividend ETF Company Profile

(Get Free Report)

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.

Further Reading

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