Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High – Should You Buy?

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) reached a new 52-week high on Thursday . The company traded as high as $62.47 and last traded at $62.29, with a volume of 793020 shares changing hands. The stock had previously closed at $62.05.

Fidelity High Dividend ETF Stock Down 0.8%

The company has a 50-day moving average of $60.86 and a 200-day moving average of $58.76. The company has a market cap of $10.02 billion, a PE ratio of 17.18 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity High Dividend ETF

A number of hedge funds have recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Fidelity High Dividend ETF in the fourth quarter valued at about $25,000. Monetary Solutions Ltd bought a new position in shares of Fidelity High Dividend ETF during the fourth quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new position in Fidelity High Dividend ETF during the second quarter worth about $27,000. Optima Capital LLC purchased a new position in Fidelity High Dividend ETF during the fourth quarter worth about $33,000. Finally, Global Assets Advisory LLC purchased a new position in Fidelity High Dividend ETF during the first quarter worth about $36,000.

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.