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

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw unusually-strong trading volume on Tuesday . Approximately 406,408 shares were traded during mid-day trading, an increase of 134% from the previous session’s volume of 173,542 shares.The stock last traded at $39.62 and had previously closed at $38.80.

Fidelity High Dividend ETF Trading Up 0.5 %

The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 10.36 and a beta of 1.01. The firm’s 50 day simple moving average is $38.83 and its 200-day simple moving average is $39.31.

Institutional Investors Weigh In On Fidelity High Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in FDVV. Spire Wealth Management acquired a new stake in Fidelity High Dividend ETF during the 1st quarter worth approximately $25,000. UBS Group AG acquired a new stake in shares of Fidelity High Dividend ETF in the first quarter worth $32,000. Coastal Investment Advisors Inc. purchased a new position in shares of Fidelity High Dividend ETF in the 2nd quarter valued at $34,000. Belpointe Asset Management LLC lifted its holdings in shares of Fidelity High Dividend ETF by 226.0% during the 1st quarter. Belpointe Asset Management LLC now owns 965 shares of the company’s stock valued at $37,000 after acquiring an additional 669 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Fidelity High Dividend ETF by 119.9% during the 3rd quarter. Global Retirement Partners LLC now owns 1,517 shares of the company’s stock valued at $57,000 after acquiring an additional 827 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.