Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 52-Week High at $47.78

Fidelity High Dividend ETF (NYSEARCA:FDVV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $47.78 and last traded at $47.80, with a volume of 284686 shares traded. The stock had previously closed at $47.39.

Fidelity High Dividend ETF Trading Up 1.1 %

The firm’s fifty day moving average price is $46.59 and its 200-day moving average price is $44.68. The company has a market cap of $2.76 billion, a P/E ratio of 11.51 and a beta of 0.82.

Institutional Trading of Fidelity High Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in shares of Fidelity High Dividend ETF by 19.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,240,932 shares of the company’s stock worth $101,537,000 after purchasing an additional 364,298 shares in the last quarter. Arden Trust Co acquired a new position in shares of Fidelity High Dividend ETF in the 1st quarter worth approximately $10,217,000. Cetera Investment Advisers grew its position in Fidelity High Dividend ETF by 130.8% during the 1st quarter. Cetera Investment Advisers now owns 384,733 shares of the company’s stock worth $17,432,000 after acquiring an additional 218,023 shares during the last quarter. Kestra Advisory Services LLC raised its position in Fidelity High Dividend ETF by 40.1% in the 1st quarter. Kestra Advisory Services LLC now owns 618,263 shares of the company’s stock valued at $28,013,000 after purchasing an additional 176,990 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Fidelity High Dividend ETF by 17.2% in the first quarter. Osaic Holdings Inc. now owns 1,163,964 shares of the company’s stock worth $52,744,000 after purchasing an additional 170,970 shares in 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.