Investment Insights on Fidelity High Dividend ETF
The Fidelity High Dividend ETF (NYSEMKT: FDVV), launched in September 2016, has 112 holdings and a dividend yield of 2.8%. However, it has underperformed the S&P 500, returning 13.3% annually while the S&P 500 would have yielded a 44% higher return on a $10,000 investment over the same period, equating to approximately $33,790 versus FDVV’s $23,540.
As of April 30, the ETF is heavily weighted towards technology stocks, with Nvidia, Apple, Microsoft, and Broadcom making up about 20.5% of its portfolio. Sector allocations include 26.7% in information technology and lower percentages in financials (18.9%) and consumer discretionary (14.5%). Its expense ratio is 0.15%, indicating relatively low management costs.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
