ETF Overview
Fidelity Covington Trust - Fidelity High Dividend ETF (FDVV) focuses on large-cap, high-yield dividend stocks. This fund tracks Fidelity Core Dividend Index. FDVV’s portfolio of stocks include stocks that have consistently or frequently increased their dividends in the past. However, FDVV is currently trading at a premium. Therefore, we think investors may want to wait on the sidelines until a pullback before initiating a position.
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Fund Analysis
Portfolio Construction
FDVV selects funds based only on a stock's past performance. The ETF’s portfolio is constructed by the following three