Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High – Here’s What Happened

Fidelity High Dividend ETF (NYSEARCA:FDVV) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.46 and last traded at $64.45, with a volume of 137964 shares traded. The stock had previously closed at $63.83.

Fidelity High Dividend ETF Trading Up 0.6%

The company has a 50 day moving average of $61.83 and a 200 day moving average of $59.52. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Fidelity High Dividend ETF by 6.0% in the first quarter. Royal Bank of Canada now owns 108,308 shares of the company’s stock valued at $5,373,000 after buying an additional 6,174 shares in the last quarter. Brown Advisory Inc. acquired a new position in shares of Fidelity High Dividend ETF in the 2nd quarter worth approximately $320,000. Qube Research & Technologies Ltd grew its position in Fidelity High Dividend ETF by 95.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 18,761 shares of the company’s stock worth $976,000 after acquiring an additional 9,169 shares during the last quarter. NewEdge Advisors LLC grew its position in Fidelity High Dividend ETF by 49.8% during the 2nd quarter. NewEdge Advisors LLC now owns 112,833 shares of the company’s stock worth $5,870,000 after acquiring an additional 37,501 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Fidelity High Dividend ETF during the 2nd quarter valued at $27,000.

About Fidelity High Dividend ETF

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.