From Nasdaq: 2024-05-22 06:20:07

The Fidelity High Dividend ETF (FDVV) was launched in 2016, offering exposure to the Style Box – All Cap Value category. Smart beta ETFs like FDVV track non-cap weighted strategies and aim to beat the market by selecting strong stocks based on specific fundamental characteristics.

Managed by Fidelity, FDVV seeks to match the performance of the Fidelity Core Dividend Index, focusing on high-dividend-paying companies. With an expense ratio of 0.15% and a 12-month dividend yield of 3.12%, FDVV is one of the least expensive options in this space.

FDVV’s sector exposure is primarily in Information Technology, with top holdings in Microsoft Corp, Apple Inc, and Nvidia Corp. The ETF has shown strong performance, up 26.47% in the past year and trading between $37.10 and $46.79. Additionally, with 118 holdings, FDVV effectively diversifies company-specific risk.

Investors seeking alternatives in the Style Box – All Cap Value segment can consider Dimensional U.S. Targeted Value ETF and iShares Core S&P U.S. Value ETF. These options offer exposure to different indexes with varying expense ratios, providing additional choices for investors.

For more information on FDVV and other ETFs, visit Zacks ETF Center, and subscribe to Zacks’ Fund Newsletter for top news and analysis on ETFs. Additional resources and research reports are available for free on Zacks.com for those interested in delving deeper into ETF investing.



Read more at Nasdaq: Is Fidelity High Dividend ETF (FDVV) a Strong ETF Right Now?