Fidelity High Dividend ETF (NYSEARCA:FDVV) Shares Break Above 50 Day Moving Average – Here’s Why

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVV) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $62.18 and traded as high as $62.60. Fidelity High Dividend ETF shares last traded at $62.20, with a volume of 664,095 shares changing hands.

Fidelity High Dividend ETF Trading Up 0.1%

The business’s 50-day moving average price is $62.18 and its 200-day moving average price is $60.27. The stock has a market cap of $10.46 billion, a PE ratio of 17.18 and a beta of 0.86.

Institutional Investors Weigh In On Fidelity High Dividend ETF

Several institutional investors have recently bought and sold shares of the company. Focus Financial Network Inc. grew its holdings in 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 last quarter. JGP Wealth Management LLC lifted its holdings in shares of Fidelity High Dividend ETF by 3.0% during the 3rd quarter. JGP Wealth Management LLC now owns 8,295 shares of the company’s stock valued at $504,000 after purchasing an additional 244 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Fidelity High Dividend ETF by 2.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,956 shares of the company’s stock valued at $661,000 after purchasing an additional 292 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Fidelity High Dividend ETF by 17.4% during the 1st quarter. Bogart Wealth LLC now owns 2,080 shares of the company’s stock valued at $115,000 after purchasing an additional 308 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its position in shares of Fidelity High Dividend ETF by 3.6% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 10,155 shares of the company’s stock worth $617,000 after purchasing an additional 350 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.