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

Fidelity High Dividend ETF (NYSEARCA:FDVV) hit a new 52-week high on Monday . The company traded as high as $62.06 and last traded at $62.00, with a volume of 124477 shares trading hands. The stock had previously closed at $61.47.

Fidelity High Dividend ETF Price Performance

The stock has a 50 day moving average price of $59.27 and a two-hundred day moving average price of $58.00. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. S&A Financial Services Inc. purchased a new position in Fidelity High Dividend ETF in the first quarter valued at $2,415,000. Midwest Financial Network LLC purchased a new stake in shares of Fidelity High Dividend ETF in the 1st quarter valued at about $367,000. NewEdge Advisors LLC lifted its holdings in shares of Fidelity High Dividend ETF by 8.5% in the 1st quarter. NewEdge Advisors LLC now owns 107,702 shares of the company’s stock valued at $5,949,000 after purchasing an additional 8,392 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Fidelity High Dividend ETF by 330.2% in the 1st quarter. Glenmede Trust Co. NA now owns 2,366 shares of the company’s stock valued at $131,000 after purchasing an additional 1,816 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in shares of Fidelity High Dividend ETF by 23.7% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 84,190 shares of the company’s stock valued at $4,651,000 after purchasing an additional 16,146 shares during the last quarter.

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.