FDVV Stock Summary and Trading Ideas (Fidelity High Dividend ETF | ARCA:FDVV)

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity High Dividend Index. Normally investing at least 80% of assets in securities included in the Fidelity Core Dividend Index and in depository receipts representing securities included in the index. The Fidelity Core Dividend Index is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends.

Fidelity High Dividend ETF trades on the ARCA stock market under the symbol FDVV.

As of April 23, 2024, FDVV stock price climbed to $44.43 with 259,597 million shares trading.

FDVV has a beta of 0.87, meaning it tends to be less sensitive to market movements. FDVV has a correlation of 0.82 to the broad based SPY ETF.

FDVV has a market cap of $2.52 billion. This is considered a Mid Cap stock.

In the last 3 years, FDVV stock traded as high as $45.42 and as low as $32.35.

FDVV has underperformed the market in the last year with a return of +18.3%, while the SPY ETF gained +24.3%. In the last 3 month period, FDVV fell short of the market, returning +4.7%, while SPY returned +4.9%. However, in the most recent 2 weeks FDVV has outperformed the stock market by returning -1.2%, while SPY returned -2.5%.

FDVV support price is $43.65 and resistance is $44.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDVV stock will trade within this expected range on the day.