Financial Management Professionals Inc. Grows Position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Financial Management Professionals Inc. boosted its stake in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 411,846 shares of the company’s stock after purchasing an additional 17,045 shares during the period. Fidelity High Yield Factor ETF comprises about 2.5% of Financial Management Professionals Inc.’s investment portfolio, making the stock its 14th biggest position. Financial Management Professionals Inc. owned approximately 6.49% of Fidelity High Yield Factor ETF worth $19,872,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of FDHY. Sunbelt Securities Inc. raised its holdings in Fidelity High Yield Factor ETF by 11.3% during the third quarter. Sunbelt Securities Inc. now owns 4,771 shares of the company’s stock valued at $235,000 after acquiring an additional 486 shares during the period. Freestate Advisors LLC bought a new stake in Fidelity High Yield Factor ETF during the third quarter valued at about $286,000. MML Investors Services LLC raised its holdings in Fidelity High Yield Factor ETF by 12.1% during the third quarter. MML Investors Services LLC now owns 6,040 shares of the company’s stock valued at $298,000 after acquiring an additional 650 shares during the period. JPMorgan Chase & Co. raised its holdings in Fidelity High Yield Factor ETF by 422.6% during the third quarter. JPMorgan Chase & Co. now owns 12,465 shares of the company’s stock valued at $615,000 after acquiring an additional 10,080 shares during the period. Finally, Breakwater Capital Group raised its holdings in Fidelity High Yield Factor ETF by 27.6% during the fourth quarter. Breakwater Capital Group now owns 12,858 shares of the company’s stock valued at $620,000 after acquiring an additional 2,784 shares during the period.

Fidelity High Yield Factor ETF Price Performance

NYSEARCA:FDHY opened at $48.65 on Friday. Fidelity High Yield Factor ETF has a 52 week low of $47.05 and a 52 week high of $49.79. The business’s 50-day simple moving average is $48.70 and its two-hundred day simple moving average is $48.74.

Fidelity High Yield Factor ETF Company Profile

The Fidelity High Yield Factor ETF (FDHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund using a quantitative screen to select high-yield bonds issued by US and foreign corporations. The fund seeks a high level of income, and may also seek capital appreciation.