(FCCD) Fidelity Canadian High - Ratings and Ratios

The Fidelity Canadian High Dividend ETF (FCCD) is a Canadian equity ETF that focuses on dividend-paying stocks. As a Trading Analyst, I will evaluate its key characteristics and performance metrics.

FCCD tracks the Morningstar Canada GR CAD Index, which suggests it follows a rules-based methodology to select high-dividend yielding Canadian stocks. With an AUM of $206.22M CAD, it has a moderate size, indicating a reasonable level of liquidity.

From a technical analysis perspective, FCCDs price is currently at $31.99, above its 20-day and 50-day simple moving averages (SMA20: $31.59, SMA50: $31.07), indicating a short-term uptrend. The 200-day SMA ($29.87) is significantly lower, suggesting a longer-term bullish trend. The Average True Range (ATR) of 0.14 (0.44%) indicates relatively low volatility.

To further assess FCCDs attractiveness, I would consider additional KPIs such as dividend yield, expense ratio, and sector allocation. A high dividend yield is a key characteristic of this ETF, making it appealing to income-seeking investors. I would also examine the funds tracking error, which measures its ability to replicate the underlying index. A low tracking error would indicate that FCCD is effectively tracking its benchmark.

In terms of investment thesis, FCCD may be suitable for investors seeking regular income and relatively stable returns from Canadian dividend-paying stocks. However, its essential to evaluate the ETFs holdings, sector allocation, and overall market conditions before making an investment decision.