Fidelity High Dividend ETF (NYSEARCA:FDVV) Sets New 12-Month High – Still a Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $63.00 and last traded at $62.88, with a volume of 61088 shares. The stock had previously closed at $62.40.

Fidelity High Dividend ETF Trading Up 0.5%

The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 17.18 and a beta of 0.86. The stock has a fifty day simple moving average of $61.13 and a 200-day simple moving average of $58.95.

Hedge Funds Weigh In On Fidelity High Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FDVV. Federation des caisses Desjardins du Quebec acquired a new position in Fidelity High Dividend ETF during the 4th quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in Fidelity High Dividend ETF in the 4th quarter worth $26,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity High Dividend ETF during the 2nd quarter worth about $27,000. Optima Capital LLC bought a new position in shares of Fidelity High Dividend ETF during the 4th quarter worth about $33,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Fidelity High Dividend ETF during the first quarter valued at about $36,000.

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.