Is Fidelity High Dividend ETF (FDVV) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2024
0mins
Source: NASDAQ.COM
- Fidelity High Dividend ETF (FDVV): Launched in 2016, it is a smart beta ETF offering exposure to the Style Box - All Cap Value category.
- Smart Beta ETFs: Provide an alternative to market cap weighted indexes by tracking non-cap weighted strategies for investors seeking to beat the market.
- Fund Details: Managed by Fidelity, FDVV aims to match the Fidelity Core Dividend Index and has low operating expenses of 0.15% annually.
- Sector Exposure and Top Holdings: Information Technology sector dominates the portfolio at 29.60%, with top holdings including Microsoft Corp, Apple Inc, and Nvidia Corp.
- Performance and Risk: FDVV has shown positive returns of 11.55% and 26.47% year-to-date and over the past year, with a beta of 1.02 and standard deviation of 15.56%.
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Analyst Views on MSFT
Wall Street analysts forecast MSFT stock price to rise
34 Analyst Rating
32 Buy
2 Hold
0 Sell
Strong Buy
Current: 416.030
Low
500.00
Averages
631.36
High
678.00
Current: 416.030
Low
500.00
Averages
631.36
High
678.00
About MSFT
Microsoft Corporation is a technology company. The Company develops and supports software, services, devices, and solutions. The Company’s segments include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services. This segment primarily comprises: Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of server products and cloud services, including Azure and other cloud services, SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs), and Nuance and GitHub; and Enterprise Services, including enterprise support services, industry solutions and Nuance professional services. The More Personal Computing segment primarily comprises Windows, Devices, Gaming, and search and news advertising.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Forecast Increase: Morgan Stanley analysts estimate that Microsoft's cloud ecosystem currently generates about $20-30 million of annualized revenue per megawatt of data center capacity, with forecasts suggesting a decline to the high teens by FY28, yet overall revenue is expected to grow substantially.
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- AI Subscription Service Testing: Meta announced it will begin testing monthly subscription services priced at $7.99 or $19.99, initially available in Singapore, Guatemala, and Bolivia, marking the company's first charge for AI features and potentially opening new revenue streams for the future.
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- Increased AI Investment: Meta raised its 2026 guidance for AI-related capital expenditures to between $125 billion and $145 billion, up from a prior range of $115 billion to $135 billion; despite better-than-expected Q1 earnings, shares fell 7%, indicating market concerns over high spending.
- Resource Rental Possibility: Zuckerberg mentioned that while Meta hasn't rented out computing resources yet, it remains an option if the company feels overbuilt, showcasing the company's flexibility and confidence in future resource utilization.
- AI Subscription Service Testing: Meta announced it will begin testing monthly subscription services for its Meta AI app and website, priced at $7.99 or $19.99 per month, marking the company's first charge to users and aiming to establish a long-term monetization model.
See More
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- Nvidia Valuation Insight: Nvidia trades at a price-to-earnings ratio of 24, making it the second cheapest among the 'Magnificent Seven' tech stocks, following Meta, despite being the leader in AI earnings, indicating market caution regarding its future growth potential.
- Significant Revenue Growth: Nvidia's revenue surged from $60 billion two years ago to $215 billion in the latest fiscal year, showcasing its successful pivot from gaming to AI chips, although investors express concerns about the sustainability of such growth.
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