Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 12-Month High – What’s Next?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.55 and last traded at $58.4810, with a volume of 66278 shares traded. The stock had previously closed at $58.20.

Fidelity High Dividend ETF Price Performance

The company has a 50 day moving average of $57.09 and a two-hundred day moving average of $55.84. The company has a market capitalization of $8.49 billion, a PE ratio of 17.18 and a beta of 0.92.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FDVV. Ballew Advisors Inc grew its holdings in Fidelity High Dividend ETF by 0.7% in the third quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock worth $1,632,000 after purchasing an additional 193 shares during the period. Assetmark Inc. boosted its position in shares of Fidelity High Dividend ETF by 80.5% in the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 211 shares in the last quarter. Melfa Wealth Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 1.1% in the 3rd quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock worth $1,066,000 after buying an additional 212 shares during the last quarter. Archer Investment Corp increased its position in Fidelity High Dividend ETF by 7.2% during the 3rd quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock valued at $179,000 after buying an additional 217 shares in the last quarter. Finally, Ellis Investment Partners LLC raised its stake in Fidelity High Dividend ETF by 5.2% during the second quarter. Ellis Investment Partners LLC now owns 4,828 shares of the company’s stock valued at $251,000 after buying an additional 240 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.