Fidelity International High Dividend ETF (NYSEARCA:FIDI) Stock Price Up 1.4% – Time to Buy?

Fidelity International High Dividend ETF (NYSEARCA:FIDI)’s share price rose 1.4% on Thursday . The company traded as high as $27.67 and last traded at $27.56. 72,831 shares were traded during mid-day trading, a decline of 20% from the average session volume of 91,039 shares. The stock had previously closed at $27.17.

Fidelity International High Dividend ETF Trading Up 1.4%

The firm’s 50 day simple moving average is $27.94 and its 200-day simple moving average is $27.53. The stock has a market capitalization of $327.96 million, a price-to-earnings ratio of 13.70 and a beta of 0.56.

Institutional Trading of Fidelity International High Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Fidelity International High Dividend ETF by 14.4% during the first quarter. Bank of America Corp DE now owns 172,738 shares of the company’s stock worth $4,768,000 after acquiring an additional 21,693 shares in the last quarter. Royal Bank of Canada increased its position in shares of Fidelity International High Dividend ETF by 85.6% during the 1st quarter. Royal Bank of Canada now owns 44,079 shares of the company’s stock worth $1,217,000 after purchasing an additional 20,333 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Fidelity International High Dividend ETF by 47.4% during the 1st quarter. Cetera Investment Advisers now owns 42,817 shares of the company’s stock worth $1,182,000 after purchasing an additional 13,775 shares during the last quarter. Ball & Co Wealth Management Inc. raised its stake in shares of Fidelity International High Dividend ETF by 3.3% during the 1st quarter. Ball & Co Wealth Management Inc. now owns 14,418 shares of the company’s stock worth $398,000 after purchasing an additional 459 shares in the last quarter. Finally, Beacon Financial Group boosted its holdings in shares of Fidelity International High Dividend ETF by 6.8% in the 1st quarter. Beacon Financial Group now owns 18,120 shares of the company’s stock valued at $500,000 after buying an additional 1,153 shares during the last quarter.

Fidelity International High Dividend ETF Company Profile

The Fidelity International High Dividend ETF (FIDI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a high-dividend, multi-factor index of large- and mid-cap stocks from developed markets ex-US. FIDI was launched on Jan 16, 2018 and is managed by Fidelity.