Fidelity High Dividend ETF (NYSEARCA:FDVV) Reaches New 52-Week High – Still a Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $62.47 and last traded at $62.29, with a volume of 793020 shares changing hands. The stock had previously closed at $62.05.

Fidelity High Dividend ETF Stock Performance

The stock has a 50-day simple moving average of $60.74 and a 200 day simple moving average of $58.70. The company has a market cap of $10.04 billion, a P/E ratio of 17.18 and a beta of 0.86.

Institutional Inflows and Outflows

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

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.