Fidelity High Dividend ETF
FDVV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Sep 15, 2016
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity High Dividend ETF (FDVV) is an exchange-traded fund that tracks the Fidelity High Dividend Index, focusing on large- and mid-cap U.S. and international companies with high dividend yields, sustainable payout ratios, and consistent dividend growth; it employs sector tilts to overweight high-yielding sectors such as technology, financials, consumer defensive, real estate, utilities, and energy while limiting individual holdings to promote diversification. The ETF offers investors exposure to approximately 120 holdings, including major positions in NVIDIA Corp, Apple Inc, Microsoft Corp, Broadcom Inc, and JPMorgan Chase & Co, with a weighted average dividend yield of around 3.17%, an expense ratio of 0.15%, and assets under management exceeding $7.7 billion as of late 2025. FDVV trades on the NYSE Arca exchange and targets income-focused investors seeking a balance of yield, growth, and moderate volatility, with about 10% international exposure and a beta of 0.90. Launched on September 12, 2016 by Fidelity Covington Trust, a Fidelity Investments affiliate headquartered in Boston, Massachusetts, FDVV operates primarily in the U.S. equity large-cap value segment but maintains global reach through its underlying holdings across North America, Europe, and Asia. The fund is managed by a team including Deane Gyllenhaal, Louis Bottari, Peter Matthew, Robert Regan, and Payal Gupta, with annual rebalancing to reflect evolving dividend characteristics and sector dynamics. In early 2025, FDVV underwent a substantial portfolio rebalancing that increased its financials allocation by 13.27% to approximately 20.98%, reduced industrials exposure, boosted its dividend yield to 3.22% from 2.96%, and lowered its forward P/E ratio to 16.68x, enhancing its attractiveness relative to peers like SCHD and DIVB while maintaining strong performance with 14.9% returns year-to-date through mid-2025. This strategic shift positioned the ETF to better capture AI-driven growth in technology (around 26-27% weighting) alongside improved yield sustainability, amid rising institutional ownership from firms such as Brinker Capital Investments and Biondo Investment Advisors. No major acquisitions, partnerships, or structural changes were reported in 2024-2025, with ongoing emphasis on dividend growth evidenced by a 22% increase over the prior year.