Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 12-Month High at $45.57

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) reached a new 52-week high on Thursday . The stock traded as high as $45.57 and last traded at $45.53, with a volume of 63329 shares. The stock had previously closed at $45.37.

Fidelity High Dividend ETF Trading Up 0.7 %

The company has a market capitalization of $2.64 billion, a P/E ratio of 11.51 and a beta of 0.82. The firm has a fifty day moving average of $44.54 and a 200 day moving average of $42.50.

Institutional Trading of Fidelity High Dividend ETF

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Fidelity High Dividend ETF by 19.4% in the first quarter. Commonwealth Equity Services LLC now owns 2,240,932 shares of the company’s stock valued at $101,537,000 after acquiring an additional 364,298 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Fidelity High Dividend ETF during the 3rd quarter valued at approximately $13,782,000. Integrated Wealth Concepts LLC lifted its position in Fidelity High Dividend ETF by 130.3% during the third quarter. Integrated Wealth Concepts LLC now owns 520,222 shares of the company’s stock valued at $20,075,000 after purchasing an additional 294,344 shares during the period. Arden Trust Co acquired a new stake in Fidelity High Dividend ETF during the 1st quarter worth about $10,217,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Fidelity High Dividend ETF by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 474,633 shares of the company’s stock valued at $20,068,000 after buying an additional 102,369 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.