Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 12-Month High – Still a Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $57.59 and last traded at $57.5210, with a volume of 94607 shares. The stock had previously closed at $57.38.

Fidelity High Dividend ETF Stock Up 0.3%

The stock has a market cap of $8.26 billion, a PE ratio of 17.18 and a beta of 0.92. The stock’s fifty day moving average price is $56.68 and its 200 day moving average price is $55.45.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. boosted its position in shares of Fidelity High Dividend ETF by 62.2% during the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock valued at $92,330,000 after buying an additional 635,591 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Fidelity High Dividend ETF by 34.6% during the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock valued at $124,066,000 after acquiring an additional 572,218 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Fidelity High Dividend ETF during the 3rd quarter valued at about $28,056,000. Jane Street Group LLC grew its stake in shares of Fidelity High Dividend ETF by 301.9% in the second quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock worth $27,295,000 after acquiring an additional 394,131 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Fidelity High Dividend ETF by 369.2% during the second quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after purchasing an additional 393,830 shares during the last quarter.

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.