Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 12-Month High – Still a Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price hit a new 52-week high on Thursday . The company traded as high as $57.59 and last traded at $57.5210, with a volume of 94607 shares traded. The stock had previously closed at $57.38.

Fidelity High Dividend ETF Trading Up 0.5%

The business has a 50-day moving average price of $56.59 and a 200-day moving average price of $55.39. The stock has a market cap of $8.22 billion, a PE ratio of 17.18 and a beta of 0.92.

Institutional Trading of Fidelity High Dividend ETF

A number of institutional investors have recently made changes to their positions in FDVV. Assetmark Inc. grew its holdings in shares of Fidelity High Dividend ETF by 80.5% during the second quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after buying an additional 211 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Fidelity High Dividend ETF during the second quarter worth approximately $27,000. MB Levis & Associates LLC acquired a new position in Fidelity High Dividend ETF during the second quarter worth $28,000. Evermay Wealth Management LLC acquired a new position in Fidelity High Dividend ETF during the second quarter worth $31,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in Fidelity High Dividend ETF in the 2nd quarter valued at $32,000.

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.