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

Posted by Trent Williams on Oct 16th, 2024

Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $51.47 and last traded at $51.43, with a volume of 439244 shares changing hands. The stock had previously closed at $51.11.

Fidelity High Dividend ETF Stock Up 0.9 %

The company has a market capitalization of $2.98 billion, a P/E ratio of 11.51 and a beta of 0.82. The stock has a fifty day simple moving average of $49.65 and a 200-day simple moving average of $47.53.

Institutional Investors Weigh In On Fidelity High Dividend ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new position in Fidelity High Dividend ETF in the first quarter valued at approximately $35,000. Hantz Financial Services Inc. acquired a new stake in shares of Fidelity High Dividend ETF during the second quarter worth $51,000. ICA Group Wealth Management LLC bought a new stake in Fidelity High Dividend ETF in the fourth quarter valued at about $86,000. Valley National Advisers Inc. lifted its stake in Fidelity High Dividend ETF by 19.1% in the first quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock valued at $137,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Fidelity High Dividend ETF by 6,777.4% during the second quarter. Larson Financial Group LLC now owns 4,264 shares of the company’s stock worth $199,000 after buying an additional 4,202 shares during the last quarter.

Fidelity High Dividend ETF Company Profile

(Get Free Report)

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.