Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Unusually-High Trading Volume – Should You Buy?

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw unusually-strong trading volume on Thursday . Approximately 1,093,396 shares traded hands during trading, an increase of 210% from the previous session’s volume of 353,031 shares.The stock last traded at $51.38 and had previously closed at $51.50.

Fidelity High Dividend ETF Stock Performance

The business has a 50 day simple moving average of $51.50 and a two-hundred day simple moving average of $49.42. The firm has a market capitalization of $2.97 billion, a P/E ratio of 11.51 and a beta of 0.82.

Institutional Trading of Fidelity High Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in FDVV. Raymond James Financial Services Advisors Inc. lifted its stake in Fidelity High Dividend ETF by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 222,397 shares of the company’s stock worth $10,404,000 after purchasing an additional 762 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Fidelity High Dividend ETF by 43.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 32,028 shares of the company’s stock worth $1,622,000 after acquiring an additional 9,736 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Fidelity High Dividend ETF by 5.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,370 shares of the company’s stock worth $272,000 after purchasing an additional 260 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Fidelity High Dividend ETF by 431.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 52,631 shares of the company’s stock worth $2,462,000 after purchasing an additional 42,736 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Fidelity High Dividend ETF by 20.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 247,198 shares of the company’s stock valued at $11,564,000 after purchasing an additional 41,719 shares during the last quarter.

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.