FDVV 📈 Fidelity High Dividend - Overview

The Fidelity High Dividend ETF, listed on the NYSE ARCA under the ticker symbol FDVV, is designed to track the performance of a specific index that focuses on large and mid-capitalization companies known for their high-dividend payments. Typically, this fund allocates at least 80% of its assets to securities that are part of the underlying index, as well as to depository receipts that represent these securities. The underlying index is carefully constructed to reflect the performance of stocks from companies that not only pay high dividends but are also expected to continue paying and potentially growing these dividends over time.

By focusing on large and mid-capitalization companies, the fund aims to provide investors with exposure to established businesses that have a history of generating significant cash flows and distributing a portion of these profits to shareholders in the form of dividends. The fund's strategy is to invest in companies that have demonstrated a commitment to dividend payments and have the potential for future dividend growth, which can be an attractive feature for income-seeking investors. The fund is managed by Fidelity, a well-established financial services company based in the United States, with a significant presence in the investment management industry.

From a structural perspective, the Fidelity High Dividend ETF is classified as an exchange-traded fund (ETF), which means it is traded on a stock exchange like individual stocks, offering investors the flexibility to buy and sell shares throughout the trading day. The fund is categorized under the large value ETF category, indicating its focus on larger companies that are considered undervalued or have the potential for long-term growth. With its listing on the NYSE ARCA and its ISIN code of US3160928400, the fund provides investors with a transparent and accessible way to invest in a diversified portfolio of high-dividend-paying stocks.