Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High – What’s Next?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $60.17 and last traded at $60.17, with a volume of 414745 shares. The stock had previously closed at $60.04.

Fidelity High Dividend ETF Price Performance

The firm has a 50 day simple moving average of $57.42 and a 200-day simple moving average of $57.37. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co raised its stake in Fidelity High Dividend ETF by 2.4% during the fourth quarter. Smithfield Trust Co now owns 7,600 shares of the company’s stock worth $431,000 after acquiring an additional 175 shares in the last quarter. Meridian Wealth Management LLC increased its stake in shares of Fidelity High Dividend ETF by 4.5% in the fourth quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock valued at $236,000 after buying an additional 179 shares in the last quarter. Harbor Asset Planning Inc. increased its stake in shares of Fidelity High Dividend ETF by 0.8% in the first quarter. Harbor Asset Planning Inc. now owns 22,824 shares of the company’s stock valued at $1,261,000 after buying an additional 182 shares in the last quarter. Archer Investment Corp increased its stake in shares of Fidelity High Dividend ETF by 7.2% in the third quarter. Archer Investment Corp now owns 3,219 shares of the company’s stock valued at $179,000 after buying an additional 217 shares in the last quarter. Finally, Sweeney & Michel LLC increased its stake in shares of Fidelity High Dividend ETF by 1.4% in the first quarter. Sweeney & Michel LLC now owns 17,981 shares of the company’s stock valued at $1,034,000 after buying an additional 245 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.