Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 52-Week High at $50.20

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price reached a new 52-week high on Tuesday . The company traded as high as $50.20 and last traded at $50.20, with a volume of 149 shares traded. The stock had previously closed at $50.09.

Fidelity High Dividend ETF Price Performance

The stock’s fifty day simple moving average is $48.70 and its 200-day simple moving average is $46.73. The company has a market capitalization of $2.88 billion, a P/E ratio of 11.51 and a beta of 0.82.

Hedge Funds Weigh In On Fidelity High Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in shares of Fidelity High Dividend ETF by 19.4% during the first quarter. Commonwealth Equity Services LLC now owns 2,240,932 shares of the company’s stock valued at $101,537,000 after buying an additional 364,298 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Fidelity High Dividend ETF in the 2nd quarter valued at approximately $12,937,000. Envestnet Asset Management Inc. lifted its position in shares of Fidelity High Dividend ETF by 35.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,020,505 shares of the company’s stock worth $47,739,000 after acquiring an additional 268,292 shares during the period. Arden Trust Co acquired a new stake in shares of Fidelity High Dividend ETF during the 1st quarter worth approximately $10,217,000. Finally, Cetera Investment Advisers increased its position in shares of Fidelity High Dividend ETF by 130.8% during the first quarter. Cetera Investment Advisers now owns 384,733 shares of the company’s stock valued at $17,432,000 after purchasing an additional 218,023 shares during the period.

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.