Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 1-Year High – Here’s What Happened

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) hit a new 52-week high on Wednesday . The company traded as high as $57.39 and last traded at $57.25, with a volume of 723821 shares changing hands. The stock had previously closed at $56.88.

Fidelity High Dividend ETF Stock Performance

The firm has a market capitalization of $7.53 billion, a PE ratio of 17.18 and a beta of 0.92. The firm’s 50-day moving average is $56.01 and its 200 day moving average is $54.32.

Institutional Trading of Fidelity High Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Fidelity High Dividend ETF by 80.5% during the second quarter. Assetmark Inc. now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 211 shares during the period. Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF during the 2nd quarter valued at $27,000. MB Levis & Associates LLC purchased a new stake in Fidelity High Dividend ETF during the 2nd quarter worth $28,000. Evermay Wealth Management LLC acquired a new position in Fidelity High Dividend ETF in the 2nd quarter worth $31,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Fidelity High Dividend ETF in the 2nd quarter worth $32,000.

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.