Summary
FDVV Chart
FDVV: Still The Best Of The Bunch, But High Yields Make SPY A Better Alternative
Rising bond yields are posing some challenging questions for income investors. The issue for FDVV holders is not whether they should swap for alternative dividend ETFs, but whether they should swap for SPY as its outperformance becomes pronounced. The current backdrop favors SPY, and FDVV's 2.8% dividend yield (only 1.8% above SPY's dividend yield) is not enough to compensate for inferior total return.
FDVV: Fidelity's High-Dividend ETF Keeps Passing The Test
The Fidelity High Dividend ETF has proven to be a reliable dividend ETF. Though not necessarily "high," its 2.98% estimated dividend yield is competitive, and it maintains excellent growth, value, and quality. This article reviews FDVV's strategy and top holdings, several of which are low-yielding tech stocks. This may frustrate some income investors, but there are overlooked benefits to consider. Having just crossed the ten-year mark since its inception, we have good data available now that can help us understand how FDVV performs under different market conditions.
FDVV's 2.8% yield hides tech mega-cap risk in dividend portfolio
The Fidelity High Dividend ETF (NYSEARCA:FDVV) pays a 2.8% trailing yield on $10.03 billion in assets, and the title's 3.3% figure refers to the sector-tilt overlay Fidelity applies to reweight the portfolio toward higher-yielding equities.
Fidelity High Dividend ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 119,320 | $6.11M | $7.37M | $1.26M | 20.58% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 9,805 | $404,477.18 | $604,772.4 | $200,295.22 | 49.52% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 2.99M | $180.11M | $183.63M | $3.53M | 1.96% |
| CN Chris Nelson MJP ASSOCIATES Inc. /ADV | 4,407 | $206,159.46 | $273,608.59 | $67,449.13 | 32.72% |
 Woodard & Co Asset Management Woodard & Co Asset Management Group Inc. | 433,835 | $24.17M | $26.96M | $2.79M | 11.56% |
Fidelity High Dividend ETF (FDVV) FAQ
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Does it pay dividends? What is the current yield?
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Has Fidelity High Dividend ETF ever had a stock split?
Fidelity High Dividend ETF Profile
| ARCA Exchange | US Country |
Overview
This company operates as an investment fund focusing specifically on high-dividend-paying stocks. It commits at least 80% of its assets to securities that are part of its underlying index, as well as in depository receipts representing those securities. The targeted underlying index is strategically chosen to mirror the performance of large and mid-capitalization companies known for their high dividend payouts and the potential for continued dividend growth. The essence of this fund's strategy is to generate stable and growing income for its investors by investing in companies with a strong track record of paying dividends.
Products and Services
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High-Dividend Stock Investments
Specializes in investing in a diversified portfolio of stocks known for high dividend yields. The focus is on companies that not only pay high dividends but are also expected to increase their dividend payouts over time, aligning with investors looking for regular income along with potential capital appreciation.
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Depository Receipts Investments
Offers investment opportunities in depository receipts, which are negotiable financial instruments issued by banks that represent shares in foreign companies, but are traded on a local stock exchange. This allows the fund to incorporate high-dividend-paying companies from around the globe into its portfolio, diversifying the investment and risk.
Contact Information
