Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 1-Year High – Here’s Why

by · The Markets Daily

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $57.39 and last traded at $57.25, with a volume of 723821 shares. The stock had previously closed at $56.88.

Fidelity High Dividend ETF Stock Up 0.7%

The firm has a market capitalization of $7.53 billion, a PE ratio of 17.18 and a beta of 0.92. The stock has a 50-day moving average price of $56.01 and a 200 day moving average price of $54.32.

Institutional Trading of Fidelity High Dividend ETF

Large investors have recently added to or reduced their stakes in the stock. Ballew Advisors Inc increased its position in Fidelity High Dividend ETF by 0.7% during the third quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock worth $1,632,000 after purchasing an additional 193 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Fidelity High Dividend ETF by 80.5% in the second quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 211 shares during the period. Melfa Wealth Management Inc. raised its stake in shares of Fidelity High Dividend ETF by 1.1% in the third quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock valued at $1,066,000 after acquiring an additional 212 shares in the last quarter. Archer Investment Corp boosted its stake in shares of Fidelity High Dividend ETF by 7.2% in the 3rd quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock valued at $179,000 after buying an additional 217 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of Fidelity High Dividend ETF by 3.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 6,102 shares of the company’s stock worth $303,000 after buying an additional 230 shares in the last quarter.

Fidelity High Dividend ETF Company Profile

(Get Free Report)

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.

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