Is FDVV rated a strong buy, buy, hold, sell or strong sell
8/25/2024 00:25am
**FDVV is rated as a strong buy.** Here's why:
1. **High Dividend Yield**: The fund offers a 12-month trailing dividend yield of 3.12%, which is attractive for income-seeking investors.
2. **Strong Performance**: The ETF has added roughly 11.55% year-to-date and 26.47% in the past one year, indicating strong performance.
3. **Diversification**: With a diversified portfolio of 118 holdings, it effectively manages company-specific risk.
4. **Low Expense Ratio**: The expense ratio is a low 0.15%, which is one of the lowest in the space, making it an economical choice.
5. **Top Holdings**: The top 10 holdings account for about 28.16% of total assets, which is a healthy concentration that can lead to strong performance.
6. **Sector Exposure**: The fund has a significant allocation to the Information Technology sector, which aligns with the user's interest in technology-related stocks.
7. **Morningstar Medalist Rating**: The fund has received a Morningstar Medalist Rating, which is a testament to its strong performance and adherence to its investment objective.
Given these points, Fidelity High Dividend ETF (FDVV) is a strong buy for investors looking for a high dividend yield, strong performance, diversification, low expense ratio, and exposure to the technology sector.