Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 52-Week High – Still a Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $62.47 and last traded at $62.29, with a volume of 793020 shares traded. The stock had previously closed at $62.05.

Fidelity High Dividend ETF Stock Up 0.4%

The company has a market capitalization of $10.04 billion, a P/E ratio of 17.18 and a beta of 0.86. The stock has a fifty day simple moving average of $60.74 and a 200-day simple moving average of $58.70.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Institutional investors have recently modified their holdings of the stock. Base Wealth Management LLC boosted its position in shares of Fidelity High Dividend ETF by 27.5% in the 4th quarter. Base Wealth Management LLC now owns 144,060 shares of the company’s stock worth $8,167,000 after purchasing an additional 31,041 shares during the last quarter. Childress Capital Advisors LLC increased its holdings in Fidelity High Dividend ETF by 4.8% in the fourth quarter. Childress Capital Advisors LLC now owns 804,703 shares of the company’s stock valued at $45,619,000 after purchasing an additional 36,855 shares during the last quarter. North Star Asset Management Inc. bought a new stake in Fidelity High Dividend ETF in the fourth quarter valued at about $482,000. Savvy Advisors Inc. lifted its stake in Fidelity High Dividend ETF by 55.6% in the fourth quarter. Savvy Advisors Inc. now owns 50,482 shares of the company’s stock valued at $2,862,000 after buying an additional 18,037 shares during the period. Finally, Sovran Advisors LLC lifted its stake in Fidelity High Dividend ETF by 214.7% in the fourth quarter. Sovran Advisors LLC now owns 34,774 shares of the company’s stock valued at $1,999,000 after buying an additional 23,725 shares during the period.

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.