Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 1-Year Low – What’s Next?

Fidelity High Dividend ETF (NYSEARCA:FDVV) hit a new 52-week low on Monday . The company traded as low as $42.81 and last traded at $42.94, with a volume of 312467 shares traded. The stock had previously closed at $44.89.

Fidelity High Dividend ETF Price Performance

The stock has a market capitalization of $4.33 billion, a P/E ratio of 15.53 and a beta of 0.93. The business’s 50 day moving average price is $50.44 and its 200 day moving average price is $50.80.

Institutional Investors Weigh In On Fidelity High Dividend ETF

A number of hedge funds have recently modified their holdings of the business. Tidemark LLC bought a new position in Fidelity High Dividend ETF in the 4th quarter worth $29,000. Roxbury Financial LLC purchased a new stake in shares of Fidelity High Dividend ETF during the fourth quarter worth about $62,000. Glass Jacobson Investment Advisors llc purchased a new position in Fidelity High Dividend ETF in the 3rd quarter worth approximately $75,000. Archer Investment Corp bought a new position in Fidelity High Dividend ETF in the 4th quarter worth approximately $98,000. Finally, Glen Eagle Advisors LLC purchased a new position in Fidelity High Dividend ETF during the fourth quarter valued at $100,000.

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.