Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 52-Week High – Still a Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $63.47 and last traded at $63.43, with a volume of 250624 shares changing hands. The stock had previously closed at $63.01.

Fidelity High Dividend ETF Stock Performance

The company’s 50-day moving average price is $61.46 and its two-hundred day moving average price is $59.20. The stock has a market cap of $10.40 billion, a PE ratio of 17.18 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec purchased a new position in shares of Fidelity High Dividend ETF in the fourth quarter worth about $25,000. Monetary Solutions Ltd bought a new stake in Fidelity High Dividend ETF in the 4th quarter worth $26,000. Darwin Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF in the second quarter worth about $27,000. Optima Capital LLC bought a new stake in shares of Fidelity High Dividend ETF in the 4th quarter worth approximately $33,000. Finally, Global Assets Advisory LLC purchased a new position in Fidelity High Dividend ETF during the 1st quarter valued at $36,000.

About Fidelity High Dividend ETF

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.