Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Large Volume Increase

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) saw strong trading volume on Monday . 183,092 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 301,300 shares.The stock last traded at $47.31 and had previously closed at $47.38.

Fidelity High Dividend ETF Stock Performance

The firm has a market capitalization of $2.78 billion, a P/E ratio of 11.51 and a beta of 0.82. The stock has a 50 day moving average of $47.50 and a 200-day moving average of $45.64.

Institutional Trading of Fidelity High Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. raised its stake in shares of Fidelity High Dividend ETF by 26.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,914 shares of the company’s stock valued at $766,000 after purchasing an additional 3,507 shares during the period. Stephens Inc. AR bought a new stake in shares of Fidelity High Dividend ETF during the fourth quarter valued at about $938,000. Oppenheimer & Co. Inc. increased its position in shares of Fidelity High Dividend ETF by 52.0% during the first quarter. Oppenheimer & Co. Inc. now owns 23,279 shares of the company’s stock valued at $1,055,000 after buying an additional 7,962 shares during the period. First Foundation Advisors purchased a new stake in shares of Fidelity High Dividend ETF in the first quarter worth about $204,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Fidelity High Dividend ETF by 3.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,680 shares of the company’s stock valued at $367,000 after acquiring an additional 310 shares during the period.

About Fidelity High Dividend ETF

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.