Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Unusually-High Trading Volume

Shares of Fidelity High Dividend ETF (NYSEARCA:FDVVGet Free Report) saw strong trading volume on Friday . 354,704 shares traded hands during trading, an increase of 25% from the previous session’s volume of 284,297 shares.The stock last traded at $47.20 and had previously closed at $47.40.

Fidelity High Dividend ETF Price Performance

The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.51 and a beta of 0.82. The business’s 50-day moving average price is $46.47 and its two-hundred day moving average price is $44.58.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in Fidelity High Dividend ETF in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity High Dividend ETF in the 1st quarter valued at $35,000. LifeSteps Financial Inc. acquired a new position in shares of Fidelity High Dividend ETF during the 1st quarter worth $39,000. ICA Group Wealth Management LLC bought a new stake in shares of Fidelity High Dividend ETF during the 4th quarter worth $86,000. Finally, Valley National Advisers Inc. boosted its stake in Fidelity High Dividend ETF by 19.1% in the first quarter. Valley National Advisers Inc. now owns 3,042 shares of the company’s stock valued at $137,000 after buying an additional 487 shares in the last quarter.

About Fidelity High Dividend ETF

(Get Free Report)

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.

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