Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 1-Year High at $49.68

Fidelity High Dividend ETF (NYSEARCA:FDVV) hit a new 52-week high on Thursday . The company traded as high as $49.68 and last traded at $49.42, with a volume of 81394 shares traded. The stock had previously closed at $49.48.

Fidelity High Dividend ETF Stock Performance

The firm has a 50-day moving average of $47.76 and a 200-day moving average of $45.87. The firm has a market capitalization of $2.83 billion, a P/E ratio of 11.51 and a beta of 0.82.

Hedge Funds Weigh In On Fidelity High Dividend ETF

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in Fidelity High Dividend ETF during the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in shares of Fidelity High Dividend ETF during the 1st quarter valued at about $35,000. LifeSteps Financial Inc. bought a new stake in Fidelity High Dividend ETF during the 1st quarter worth approximately $39,000. Hantz Financial Services Inc. purchased a new stake in shares of Fidelity High Dividend ETF in the second quarter worth $51,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Fidelity High Dividend ETF during the 4th quarter valued at $86,000.

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.