Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 1-Year High – What’s Next?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $51.84 and last traded at $51.51, with a volume of 89681 shares changing hands. The stock had previously closed at $50.98.

Fidelity High Dividend ETF Stock Up 1.3 %

The firm’s 50 day moving average is $50.37 and its two-hundred day moving average is $48.23. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in Fidelity High Dividend ETF in the 1st quarter valued at about $35,000. Hantz Financial Services Inc. acquired a new position in shares of Fidelity High Dividend ETF during the second quarter worth approximately $51,000. ICA Group Wealth Management LLC grew its holdings in Fidelity High Dividend ETF by 105.5% in the 2nd quarter. ICA Group Wealth Management LLC now owns 3,029 shares of the company’s stock worth $142,000 after buying an additional 1,555 shares in the last quarter. Larson Financial Group LLC grew its holdings in Fidelity High Dividend ETF by 6,777.4% in the 2nd quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock worth $199,000 after buying an additional 4,202 shares in the last quarter. Finally, First Foundation Advisors bought a new stake in Fidelity High Dividend ETF during the 1st quarter valued at $204,000.

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.