Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 52-Week High – Here’s Why

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) reached a new 52-week high on Thursday . The company traded as high as $60.12 and last traded at $60.10, with a volume of 484306 shares traded. The stock had previously closed at $59.41.

Fidelity High Dividend ETF Price Performance

The firm has a 50-day moving average price of $57.25 and a two-hundred day moving average price of $57.26. The firm has a market capitalization of $9.32 billion, a P/E ratio of 17.18 and a beta of 0.86.

Institutional Trading of Fidelity High Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec bought a new position in Fidelity High Dividend ETF in the fourth quarter worth approximately $25,000. Monetary Solutions Ltd purchased a new stake in shares of Fidelity High Dividend ETF in the 4th quarter worth $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity High Dividend ETF in the 2nd quarter worth $27,000. Optima Capital LLC bought a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth $33,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Fidelity High Dividend ETF during the first quarter valued at $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.