Fidelity High Dividend ETF (NYSEARCA:FDVV – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock 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 Price Performance
The business’s 50-day moving average price is $61.96 and its two-hundred day moving average price is $59.61. The company has a market capitalization of $10.42 billion, a price-to-earnings 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 added to or reduced their stakes in the stock. Smithfield Trust Co lifted its position in shares of Fidelity High Dividend ETF by 2.4% during the 4th quarter. Smithfield Trust Co now owns 7,600 shares of the company’s stock valued at $431,000 after acquiring an additional 175 shares during the period. Meridian Wealth Management LLC grew its holdings in shares of Fidelity High Dividend ETF by 4.5% during the 4th quarter. Meridian Wealth Management LLC now owns 4,164 shares of the company’s stock worth $236,000 after purchasing an additional 179 shares in the last quarter. Harbor Asset Planning Inc. increased its position in shares of Fidelity High Dividend ETF by 0.8% in the first quarter. Harbor Asset Planning Inc. now owns 22,824 shares of the company’s stock worth $1,261,000 after purchasing an additional 182 shares during the period. Focus Financial Network Inc. increased its position in shares of Fidelity High Dividend ETF by 2.0% in the second quarter. Focus Financial Network Inc. now owns 12,174 shares of the company’s stock worth $734,000 after purchasing an additional 238 shares during the period. Finally, Sweeney & Michel LLC raised its stake in Fidelity High Dividend ETF by 1.4% in the first quarter. Sweeney & Michel LLC now owns 17,981 shares of the company’s stock valued at $1,034,000 after purchasing an additional 245 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.
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