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

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) reached a new 52-week high during trading on Thursday . The stock traded as high as $52.22 and last traded at $52.22, with a volume of 283597 shares changing hands. The stock had previously closed at $51.74.

Fidelity High Dividend ETF Stock Performance

The firm’s fifty day simple moving average is $50.99 and its 200 day simple moving average is $48.84. The stock has a market capitalization of $3.02 billion, a P/E ratio of 11.51 and a beta of 0.82.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Large investors have recently modified their holdings of the business. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity High Dividend ETF in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in Fidelity High Dividend ETF in the first quarter valued at approximately $35,000. Hantz Financial Services Inc. acquired a new stake in Fidelity High Dividend ETF in the second quarter valued at approximately $51,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Fidelity High Dividend ETF during the third quarter worth $75,000. Finally, ICA Group Wealth Management LLC increased its holdings in shares of Fidelity High Dividend ETF by 105.5% during the second quarter. ICA Group Wealth Management LLC now owns 3,029 shares of the company’s stock worth $142,000 after buying an additional 1,555 shares in the last quarter.

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.