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

Fidelity High Dividend ETF (NYSEARCA:FDVV) reached a new 52-week high on Tuesday . The stock traded as high as $57.93 and last traded at $57.8450, with a volume of 120028 shares. The stock had previously closed at $57.61.

Fidelity High Dividend ETF Stock Up 0.1%

The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The company has a 50-day moving average price of $56.99 and a 200 day moving average price of $55.73.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Hedge funds have recently modified their holdings of the stock. Ballew Advisors Inc grew its stake in Fidelity High Dividend ETF by 0.7% in the third quarter. Ballew Advisors Inc now owns 29,458 shares of the company’s stock valued at $1,632,000 after purchasing an additional 193 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Fidelity High Dividend ETF by 80.5% during the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 211 shares during the last quarter. Melfa Wealth Management Inc. grew its stake in shares of Fidelity High Dividend ETF by 1.1% in the 3rd quarter. Melfa Wealth Management Inc. now owns 19,141 shares of the company’s stock valued at $1,066,000 after buying an additional 212 shares in the last quarter. Archer Investment Corp increased its holdings 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 buying an additional 217 shares during the last quarter. Finally, Ellis Investment Partners LLC raised its position in Fidelity High Dividend ETF by 5.2% during the second quarter. Ellis Investment Partners LLC now owns 4,828 shares of the company’s stock valued at $251,000 after acquiring an additional 240 shares in the last quarter.

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.