Fidelity High Dividend ETF (NYSEARCA:FDVV) Hits New 12-Month Low – What’s Next?

Fidelity High Dividend ETF (NYSEARCA:FDVVGet Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $42.81 and last traded at $42.94, with a volume of 312467 shares changing hands. The stock had previously closed at $44.89.

Fidelity High Dividend ETF Trading Up 7.5 %

The company has a market cap of $4.57 billion, a P/E ratio of 15.53 and a beta of 0.93. The firm’s 50 day moving average price is $50.02 and its 200-day moving average price is $50.67.

Institutional Trading of Fidelity High Dividend ETF

A number of large investors have recently bought and sold shares of FDVV. Tidemark LLC acquired a new stake in Fidelity High Dividend ETF in the 4th quarter valued at approximately $29,000. Roxbury Financial LLC acquired a new stake in Fidelity High Dividend ETF in the fourth quarter valued at $62,000. Glass Jacobson Investment Advisors llc bought a new position in Fidelity High Dividend ETF during the third quarter worth about $75,000. Archer Investment Corp acquired a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth approximately $98,000. Finally, Glen Eagle Advisors LLC bought a new position in shares of Fidelity High Dividend ETF in the fourth quarter valued at about $100,000.

About Fidelity High Dividend ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Fidelity High Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity High Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.