(FDVV) Fidelity High Dividend - Ratings and Ratios

The Fidelity® High Dividend ETF (NYSE ARCA: FDVV) is designed to provide exposure to large and mid-capitalization companies with a history of paying high dividends and the potential to grow those dividends. The fund typically allocates at least 80% of its assets to securities in its underlying index, which tracks high-dividend-paying companies. This includes direct investments in these securities and depository receipts representing them. The underlying index is constructed to reflect the performance of companies that not only pay dividends but are also expected to sustain and increase their dividend payouts over time.

As of the latest data, FDVV has an average 20-day trading volume of 533,900 shares, indicating moderate liquidity. The funds last price was $47.70, with key moving averages showing a short-term SMA of $46.90, a mid-term SMA of $48.91, and a long-term SMA of $49.23. This suggests that the fund is currently trading slightly below its 50-day moving average but above its 20-day moving average. The Average True Range (ATR) of 1.19 indicates relatively stable price movements, with volatility remaining contained.

With assets under management (AUM) of $4.55 billion, FDVV is a sizable ETF in its category. Its focus on large and mid-cap dividend-paying stocks makes it a potential choice for investors seeking income and stability. The funds strategy aligns with a value-oriented approach, emphasizing companies that consistently return capital to shareholders through dividends.

3-Month Forecast (Based on Technical and Fundamental Data): - Technical Outlook: The funds price is trading above its 20-day SMA but below its 50-day and 200-day SMAs, suggesting a neutral to slightly bearish short-term trend. However, the narrow gap between the 50-day and 200-day SMAs indicates a potential stabilization phase. - Fundamental Outlook: The underlying indexs focus on dividend growth and sustainability is likely to attract income-focused investors, providing a supportive backdrop for the fund. The AUM of $4.55 billion reflects strong investor confidence and liquidity. - Price Target: Based on the current technical setup, FDVV is expected to trade within a range of $46.50 to $49.50 over the next three months, with upside potential driven by its dividend-focused strategy and downside limited by its stable ATR of 1.19. This forecast is based on the funds historical price action, moving averages, and the fundamental strength of its dividend-focused strategy.