Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High – What’s Next?

by · The Cerbat Gem

Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report)’s stock price hit a new 52-week high 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 Price Performance

The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The stock has a 50 day moving average price of $57.42 and a two-hundred day moving average price of $57.37.

Institutional Trading of Fidelity High Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Smithfield Trust Co increased its stake in shares of Fidelity High Dividend ETF by 2.4% in the fourth quarter. Smithfield Trust Co now owns 7,600 shares of the company’s stock valued at $431,000 after buying an additional 175 shares in the last quarter. Meridian Wealth Management LLC increased its stake in shares of Fidelity High Dividend ETF by 4.5% in the fourth quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock valued at $236,000 after buying an additional 179 shares in the last quarter. Harbor Asset Planning Inc. increased its position in Fidelity High Dividend ETF by 0.8% in the first quarter. Harbor Asset Planning Inc. now owns 22,824 shares of the company’s stock worth $1,261,000 after purchasing an additional 182 shares during the period. Archer Investment Corp increased its position in Fidelity High Dividend ETF by 7.2% in the third quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock worth $179,000 after purchasing an additional 217 shares during the period. Finally, Sweeney & Michel LLC increased its position in Fidelity High Dividend ETF by 1.4% in the first quarter. Sweeney & Michel LLC now owns 17,981 shares of the company’s stock worth $1,034,000 after purchasing an additional 245 shares during the period.

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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