Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 1-Year High – Should You Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price hit a new 52-week high on Thursday . The company traded as high as $64.46 and last traded at $64.45, with a volume of 137964 shares changing hands. The stock had previously closed at $63.83.

Fidelity High Dividend ETF Stock Performance

The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The company’s 50-day moving average is $61.83 and its 200-day moving average is $59.52.

Institutional Trading of Fidelity High Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec acquired a new position in Fidelity High Dividend ETF during the 4th quarter worth $25,000. Monetary Solutions Ltd acquired a new stake in shares of Fidelity High Dividend ETF in the 4th quarter valued at $26,000. Darwin Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF during the second quarter worth $27,000. Optima Capital LLC acquired a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at $33,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Fidelity High Dividend ETF during the first quarter valued at $36,000.

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.