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

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.86 and last traded at $56.8290, with a volume of 372850 shares trading hands. The stock had previously closed at $56.20.

Fidelity High Dividend ETF Stock Up 1.1%

The stock has a fifty day moving average price of $55.74 and a 200-day moving average price of $53.85. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 17.18 and a beta of 0.92.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. grew its holdings in Fidelity High Dividend ETF by 62.2% during the third quarter. Raymond James Financial Inc. now owns 1,657,341 shares of the company’s stock worth $92,330,000 after acquiring an additional 635,591 shares during the period. Bank of America Corp DE boosted its position in shares of Fidelity High Dividend ETF by 34.6% during the 3rd quarter. Bank of America Corp DE now owns 2,226,992 shares of the company’s stock worth $124,066,000 after purchasing an additional 572,218 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Fidelity High Dividend ETF during the 3rd quarter worth $28,056,000. Jane Street Group LLC increased its holdings in shares of Fidelity High Dividend ETF by 301.9% in the 2nd quarter. Jane Street Group LLC now owns 524,699 shares of the company’s stock valued at $27,295,000 after purchasing an additional 394,131 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Fidelity High Dividend ETF by 369.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 500,499 shares of the company’s stock valued at $26,036,000 after purchasing an additional 393,830 shares in the last quarter.

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.