Fidelity International High Dividend ETF (NYSEARCA:FIDI) Trading Up 1.4% – What’s Next?

Fidelity International High Dividend ETF (NYSEARCA:FIDI) rose 1.4% on Thursday . The company traded as high as $27.67 and last traded at $27.56. Approximately 72,831 shares were traded during trading, a decline of 20% from the average session volume of 91,039 shares. The stock had previously closed at $27.17.

Fidelity International High Dividend ETF Stock Performance

The company has a market capitalization of $327.96 million, a P/E ratio of 13.70 and a beta of 0.56. The firm has a 50 day moving average price of $27.93 and a two-hundred day moving average price of $27.53.

Institutional Trading of Fidelity International High Dividend ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in shares of Fidelity International High Dividend ETF in the third quarter valued at approximately $1,868,000. Fullerton Advisors LLC purchased a new position in Fidelity International High Dividend ETF in the fourth quarter worth $1,334,000. Bank of America Corp DE boosted its position in Fidelity International High Dividend ETF by 62.4% in the third quarter. Bank of America Corp DE now owns 108,104 shares of the company’s stock worth $2,645,000 after purchasing an additional 41,529 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Fidelity International High Dividend ETF by 138.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 65,974 shares of the company’s stock valued at $1,537,000 after purchasing an additional 38,250 shares during the period. Finally, IFP Advisors Inc grew its stake in Fidelity International High Dividend ETF by 164.9% in the 4th quarter. IFP Advisors Inc now owns 38,628 shares of the company’s stock valued at $1,001,000 after purchasing an additional 24,047 shares during the period.

Fidelity International High Dividend ETF Company Profile

The Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a high-dividend, multi-factor index of large- and mid-cap stocks from developed markets ex-US. FIDI was launched on Jan 16, 2018 and is managed by Fidelity.