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

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $60.99 and last traded at $60.70, with a volume of 668493 shares. The stock had previously closed at $60.70.

Fidelity High Dividend ETF Stock Performance

The company has a 50 day simple moving average of $57.73 and a 200 day simple moving average of $57.51. The company has a market capitalization of $9.44 billion, a PE ratio of 17.18 and a beta of 0.86.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Large investors have recently bought and sold shares of the company. Base Wealth Management LLC increased its stake in Fidelity High Dividend ETF by 27.5% during the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock worth $8,167,000 after buying an additional 31,041 shares in the last quarter. Savvy Advisors Inc. increased its stake in Fidelity High Dividend ETF by 55.6% during the 4th quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock worth $2,862,000 after buying an additional 18,037 shares in the last quarter. Sovran Advisors LLC increased its stake in Fidelity High Dividend ETF by 214.7% during the 4th quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock worth $1,999,000 after buying an additional 23,725 shares in the last quarter. Focus Financial Network Inc. acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $659,000. Finally, Childress Capital Advisors LLC boosted its holdings in shares of Fidelity High Dividend ETF by 4.8% during the 4th quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock worth $45,619,000 after purchasing an additional 36,855 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.