Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 12-Month Low – Should You Sell?

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

Fidelity High Dividend ETF Stock Performance

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

Institutional Trading of Fidelity High Dividend ETF

A number of institutional investors have recently bought and sold shares of FDVV. JPMorgan Chase & Co. grew its position in Fidelity High Dividend ETF by 27.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 246,157 shares of the company’s stock valued at $12,468,000 after acquiring an additional 52,434 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Fidelity High Dividend ETF by 14.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 6,400 shares of the company’s stock worth $320,000 after purchasing an additional 803 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Fidelity High Dividend ETF by 29.9% in the 3rd quarter. HighTower Advisors LLC now owns 16,498 shares of the company’s stock valued at $837,000 after buying an additional 3,801 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Fidelity High Dividend ETF by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 33,467 shares of the company’s stock worth $1,671,000 after purchasing an additional 1,439 shares during the last quarter. Finally, FMR LLC grew its stake in Fidelity High Dividend ETF by 4.7% during the 3rd quarter. FMR LLC now owns 80,331 shares of the company’s stock worth $4,069,000 after buying an additional 3,620 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.