Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High – Time to Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $60.99 and last traded at $60.70, with a volume of 668493 shares trading hands. The stock had previously closed at $60.70.

Fidelity High Dividend ETF Stock Performance

The stock has a market cap of $9.50 billion, a PE ratio of 17.18 and a beta of 0.86. The company’s 50 day simple moving average is $57.90 and its 200 day simple moving average is $57.59.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec purchased a new stake in Fidelity High Dividend ETF in the 4th quarter valued at about $25,000. Monetary Solutions Ltd bought a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 2nd quarter valued at approximately $27,000. Optima Capital LLC bought a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $33,000. Finally, Global Assets Advisory LLC bought a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at approximately $36,000.

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.