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

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.17 and last traded at $60.17, with a volume of 414745 shares changing hands. The stock had previously closed at $60.04.

Fidelity High Dividend ETF Stock Up 0.9%

The business’s fifty day moving average is $57.55 and its 200-day moving average is $57.43. The stock 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

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