Investing in dividend stocks can be a good plan for people who want to earn steady income from their stock holdings. High-yield dividends often come from well-established, consistently profitable companies. If you want to avoid volatile growth stocks or put your money into parts of the market that might be less exposed to a possible downturn in tech stocks, buying high-yield dividend stocks can be a good strategy.
The Fidelity High Dividend ETF (FDVV +0.49%) is a dividend stock ETF that invests in large- and mid-cap stocks of companies that are expected to continue to pay and grow their dividends.
Here are a few key details about the Fidelity High Dividend ETF.
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FDVV: 112 holdings, but still tech-heavy
The Fidelity High Dividend ETF has 112 holdings, making it less diversified than many other ETFs. The fund’s dividend yield is 2.8%, and it charges an…
