Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $62.10 and last traded at $62.09, with a volume of 152575 shares traded. The stock had previously closed at $61.77.
Fidelity High Dividend ETF Stock Up 0.5%
The company’s 50-day moving average price is $60.49 and its 200-day moving average price is $58.55. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.
Institutional Investors Weigh In On Fidelity High Dividend ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federation des caisses Desjardins du Quebec purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth about $25,000. Monetary Solutions Ltd purchased a new stake in shares of Fidelity High Dividend ETF during the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new stake in Fidelity High Dividend ETF in the second quarter valued at $27,000. Optima Capital LLC acquired a new position in Fidelity High Dividend ETF in the fourth quarter valued at about $33,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Fidelity High Dividend ETF in 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.
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