Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High – Should You Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $59.76 and last traded at $59.4920, with a volume of 6585 shares. The stock had previously closed at $59.62.

Fidelity High Dividend ETF Stock Performance

The company has a market cap of $8.70 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92. The company’s fifty day moving average is $57.27 and its two-hundred day moving average is $55.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. grew its position in Fidelity High Dividend ETF by 80.5% during the 2nd quarter. Assetmark Inc. now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 211 shares during the period. Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF during the second quarter worth about $27,000. MB Levis & Associates LLC purchased a new position in Fidelity High Dividend ETF during the second quarter valued at approximately $28,000. Evermay Wealth Management LLC purchased a new position in Fidelity High Dividend ETF during the second quarter valued at approximately $31,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Fidelity High Dividend ETF in the second quarter valued at approximately $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.