Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.06 and last traded at $62.00, with a volume of 124477 shares changing hands. The stock had previously closed at $61.47.
Fidelity High Dividend ETF Stock Performance
The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The company has a 50-day moving average of $59.27 and a 200-day moving average of $58.00.
Hedge Funds Weigh In On Fidelity High Dividend ETF
Several institutional investors have recently added to or reduced their stakes in the stock. S&A Financial Services Inc. acquired a new position in Fidelity High Dividend ETF during the 1st quarter worth approximately $2,415,000. Midwest Financial Network LLC acquired a new position in Fidelity High Dividend ETF during the 1st quarter worth approximately $367,000. NewEdge Advisors LLC increased its position in Fidelity High Dividend ETF by 8.5% during the 1st quarter. NewEdge Advisors LLC now owns 107,702 shares of the company’s stock worth $5,949,000 after purchasing an additional 8,392 shares during the period. Glenmede Trust Co. NA increased its position in Fidelity High Dividend ETF by 330.2% during the 1st quarter. Glenmede Trust Co. NA now owns 2,366 shares of the company’s stock worth $131,000 after purchasing an additional 1,816 shares during the period. Finally, Summit Financial Wealth Advisors LLC increased its position in Fidelity High Dividend ETF by 23.7% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 84,190 shares of the company’s stock worth $4,651,000 after purchasing an additional 16,146 shares during the period.
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.
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