Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 12-Month High – Time to Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $51.84 and last traded at $51.51, with a volume of 89681 shares changing hands. The stock had previously closed at $50.98.

Fidelity High Dividend ETF Trading Up 0.4 %

The business has a fifty day simple moving average of $50.49 and a two-hundred day simple moving average of $48.33. The stock has a market cap of $3.00 billion, a PE ratio of 11.51 and a beta of 0.82.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FDVV. Darwin Wealth Management LLC purchased a new position in Fidelity High Dividend ETF in the 3rd quarter worth about $25,000. Hilton Capital Management LLC raised its holdings in shares of Fidelity High Dividend ETF by 79.0% during the third quarter. Hilton Capital Management LLC now owns 9,065 shares of the company’s stock valued at $459,000 after purchasing an additional 4,001 shares during the last quarter. MAI Capital Management raised its holdings in shares of Fidelity High Dividend ETF by 2.1% during the third quarter. MAI Capital Management now owns 48,710 shares of the company’s stock valued at $2,467,000 after purchasing an additional 1,021 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Fidelity High Dividend ETF during the third quarter valued at approximately $245,000. Finally, BluePointe Capital Management LLC boosted its holdings in Fidelity High Dividend ETF by 5.4% in the third quarter. BluePointe Capital Management LLC now owns 126,572 shares of the company’s stock worth $6,411,000 after purchasing an additional 6,449 shares during 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.