Raymond James Financial Inc. Buys New Shares in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Raymond James Financial Inc. bought a new stake in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 53,698 shares of the company’s stock, valued at approximately $2,591,000. Raymond James Financial Inc. owned 0.85% of Fidelity High Yield Factor ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. 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 worth $615,000 after buying an additional 10,080 shares during the last quarter. Dentgroup LLC raised its holdings in Fidelity High Yield Factor ETF by 18.2% during the fourth quarter. Dentgroup LLC now owns 26,664 shares of the company’s stock worth $1,287,000 after buying an additional 4,097 shares during the last quarter. Moody National Bank Trust Division raised its holdings in Fidelity High Yield Factor ETF by 1.9% during the fourth quarter. Moody National Bank Trust Division now owns 101,207 shares of the company’s stock worth $4,883,000 after buying an additional 1,898 shares during the last quarter. 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 worth $620,000 after buying an additional 2,784 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in Fidelity High Yield Factor ETF by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 411,846 shares of the company’s stock worth $19,872,000 after buying an additional 17,045 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Performance

FDHY opened at $47.74 on Wednesday. The company’s fifty day moving average price is $47.91 and its two-hundred day moving average price is $48.45. Fidelity High Yield Factor ETF has a 1-year low of $45.41 and a 1-year high of $49.79.

Fidelity High Yield Factor ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were issued a $0.251 dividend. The ex-dividend date was Friday, March 28th.

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.